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Health Care REIT Bearish Moving Average Crossover Alert (HCN)

By Nick Russo

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

Ticker(s): HCN