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HCP Bearish Moving Average Crossover Alert (HCP)

By Shiri Gupta

HCP (NYSE:HCP) shares have crossed bearishly below their 10-day moving average of $34.55 on a volume of 1.4 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, HCP share prices have been bracketed by a low of $25.11 and a high of $40.95 and are now at $33.75, 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of HCP on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.49. Since that recommendation, shares of HCP have risen 10.2%. We continue to monitor HCP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses

Ticker(s): HCP