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Health Care REIT Bearish Moving Average Crossover Alert (HCN)

By David Diaz

Health Care REIT (NYSE:HCN) crossed under its 10-day moving average of $72.22 on a volume of 660K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Health Care REIT share prices have moved between a 52-week high of $74.96 and a 52-week low of $52.80 and are now trading 35% above that low price at $71.54 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Health Care REIT on February 23rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $60.97. Since that recommendation, shares of Health Care REIT have risen 19.8%. 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