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New Senior Inves Looks to Continue to Trade Below its Annual-Low Share Price Today

By James Quinn

New Senior Inves (NYSE:SNR) traded at a new 52-week low today of $5.82. So far today approximately 107,000 shares have been exchanged, as compared to an average 30-day volume of 601,000 shares.

New Senior Inves (NYSE:SNR) has potential upside of 54.1% based on a current price of $5.84 and analysts' consensus price target of $9.00. New Senior Inves shares should first meet resistance at the 50-day moving average (MA) of $6.78 and find additional resistance at the 200-day MA of $7.55.

New Senior Investment Group Inc. is a real estate investment trust. The Company's portfolio consists of senior housing properties in the United States. New Senior Investment's properties includes managed and triple net lease properties, which are comprised of independent living and health care services.

In the past 52 weeks, shares of New Senior Inves have traded between the current low of $5.82 and a high of $9.35 and are now at $5.84. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 2%.

SmarTrend recommended that its subscribers protect gains by selling shares of New Senior Inves on May 10th, 2018 by issuing a Downtrend alert when the shares were trading at $7.37. Since that call, shares of New Senior Inves have fallen 20.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows new senior inves

Ticker(s): SNR