Health Care REIT Bearish Moving Average Crossover Alert (HCN)
Health Care REIT (NYSE:HCN) shares have crossed bearishly below their 10-day moving average of $70.22 on a volume of 188K 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.
Over the past year, Health Care REIT has traded in a range of $52.80 to $80.19 and is now at $69.46, 32% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has risen 0.2%.
SmarTrend is tracking the current trend status for Health Care REIT and will alert subscribers who have HCN in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses health care reit