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Bullish Moving Average Cross by Healthcare Realty Trust (HR)

By Nick Russo

Today, shares of Healthcare Realty Trust (NYSE:HR) have advanced above their 10-day MA of $35.26 on a volume of 149K 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.

Over the past year, Healthcare Realty Trust has traded in a range of $22.01 to $36.60 and is now at $35.45, 61% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.5%.

SmarTrend recommended that subscribers consider buying shares of Healthcare Realty Trust on November 25th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.83. Since that recommendation, shares of Healthcare Realty Trust have risen 30.4%. We continue to monitor HR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses healthcare realty trust

Ticker(s): HR