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Hcp Inc Bearish Moving Average Crossover Alert (HCP)

By David Diaz

Hcp Inc (NYSE:HCP) crossed under its 10-day moving average of $35.10 on a volume of 851K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Hcp Inc share prices have been bracketed by a low of $24.47 and a high of $36.07 and are now at $34.65, 42% above that low price. The 200-day and 50-day moving averages have moved 0.46% higher and 0.79% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Hcp Inc on May 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.18. Since that recommendation, shares of Hcp Inc have risen 12.9%. We continue to monitor HCP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses hcp inc

Ticker(s): HCP