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Bullish Moving Average Cross by Omega Healthcare Investors (OHI)

By Shiri Gupta

Omega Healthcare Investors (NYSE:OHI) shares have crossed bullishly above their 10-day moving average of $33.59 on a volume of 282K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Omega Healthcare Investors share prices have been bracketed by a low of $26.96 and a high of $38.09 and are now at $33.79, 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Omega Healthcare Investors on September 15th, 2016 by issuing a Downtrend alert when the shares were trading at $34.76. Since that call, shares of Omega Healthcare Investors have fallen 3.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses omega healthcare investors

Ticker(s): OHI