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Health Care REIT Bearish Moving Average Crossover Alert (HCN)

By Amy Schwartz

Today, shares of Health Care REIT (NYSE:HCN) have crossed bearishly below their 10-day moving average of $73.28 on a volume of 597K 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.

Over the past year, Health Care REIT has traded in a range of $52.80 to $80.19 and is now at $72.06, 36% above that low. The 200-day and 50-day moving averages have moved 0.16% higher and 1.44% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Health Care REIT on March 23rd, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $69.37. Since that recommendation, shares of Health Care REIT have risen 6.2%. We continue to monitor HCN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses health care reit

Ticker(s): HCN