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Bullish Moving Average Cross by Brookdale Sr (BKD)

By David Diaz

Brookdale Sr (NYSE:BKD) shares have crossed bullishly above their 10-day moving average of $6.70 on a volume of 1.4 million 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.

In the past 52 weeks, shares of Brookdale Sr have traded between a low of $6.28 and a high of $18.62 and are now at $7.00, which is 12% 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 its subscribers protect gains by selling shares of Brookdale Sr on August 7th, 2017 by issuing a Downtrend alert when the shares were trading at $12.28. Since that call, shares of Brookdale Sr have fallen 46.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses brookdale sr

Ticker(s): BKD