Bullish Moving Average Cross by Brookdale Senior Living (BKD)
Brookdale Senior Living (NYSE:BKD) shares have crossed bullishly above their 10-day moving average of $33.03 on a volume of 400K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Brookdale Senior Living share prices have moved between a 52-week high of $34.37 and a 52-week low of $24.42 and are now trading 36% above that low price at $33.17 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.1%.
SmarTrend recommended that subscribers consider buying shares of Brookdale Senior Living on February 6th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.79. Since that recommendation, shares of Brookdale Senior Living have risen 14.1%. 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