Brookdale Senior Living Crosses Below its 10-day MA (BKD)
Today, shares of Brookdale Senior Living (NYSE:BKD) have crossed bearishly below their 10-day moving average of $18.07 on a volume of 544K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Brookdale Senior Living have traded between a low of $11.28 and a high of $38.60 and are now at $17.76, which is 57% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has slid 1.4%.
SmarTrend recommended that subscribers consider buying shares of Brookdale Senior Living on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.37. Since that recommendation, shares of Brookdale Senior Living have risen 19.0%. We continue to monitor BKD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses brookdale senior living