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Brookdale Senior Living: The Losing Streak Continues (BKD)

By Nick Russo

Brookdale Senior Living (NYSE:BKD) traded today at a new 52-week low of $10.65. So far today approximately 6.6 million shares have been exchanged, as compared to an average 30-day volume of 2.9 million shares.

In the past 52 weeks, Brookdale Senior Living share prices have been bracketed by a current low of $10.65 and a high of $38.60 and are now at $11.52. 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%.

Brookdale Senior Living Inc. operates senior living facilities in the United States. The Company offers its residents access to a full continuum of services across all sectors of the senior living industry. Brookdale Senior operates independent living facilities, assisted living facilities, continuing care retirement communities, and a skilled nursing facility.

Brookdale Senior Living has overhead space with shares priced $11.52, or 65.1% below the average consensus analyst price target of $33.00. The stock should run into initial resistance at its 50-day moving average (MA) of $16.53 and subsequent resistance at its 200-day MA of $20.87.

SmarTrend recommended that its subscribers protect gains by selling shares of Brookdale Senior Living on October 11th, 2016 by issuing a Downtrend alert when the shares were trading at $15.79. Since that call, shares of Brookdale Senior Living have fallen 8.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows brookdale senior living

Ticker(s): BKD