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Possible Bearish Inside Day Candle Pattern Detected for Healthcare Tru-A (NYSE:HTA)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Healthcare Tru-A (NYSE:HTA) based on the price action in the company's shares. Today's price range of $28.11 and $28.11 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Healthcare Tru-A may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

In the past 52 weeks, Healthcare Tru-A share prices have been bracketed by a low of $24.06 and a high of $29.22 and are now at $28.11, 17% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Healthcare Trust of America, Inc. operates as a real estate investment trust. The Company purchases medical office and healthcare-related assets, and owns medical office buildings, hospitals, and assisted living facilities.

Healthcare Tru-A has overhead space with shares priced $28.11, or 5.4% below the average consensus analyst price target of $29.73. The stock should find initial support at its 50-day moving average (MA) of $28.08 and further support at its 200-day MA of $27.43.

SmarTrend is tracking the current trend status for Healthcare Tru-A and will alert subscribers who have HTA in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle healthcare tru-a

Ticker(s): HTA