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Possible Bearish Inside Day Candle Pattern Detected for Ventas Inc (NYSE:VTR)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Ventas Inc (NYSE:VTR) based on the price action in the company's shares. Today's price range of $64.83 and $64.83 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 Ventas Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Ventas, Inc. is a real estate investment trust. The Trust owns seniors housing communities, skilled nursing facilities, hospitals, and medical office buildings in the United States and Canada.

Ventas Inc (NYSE:VTR) defies analysts with a current price ($64.83) 15.2% above its average consensus price target of $55.00. Ventas Inc shares have support at the 50-day moving average (MA) of $62.93 and additional support at the 200-day MA of $59.26.

In the past 52 weeks, shares of Ventas Inc have traded between a low of $46.55 and a high of $65.70 and are now at $64.83, which is 39% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend is monitoring the recent change of momentum in Ventas Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ventas Inc in search of a potential trend change.

Keywords: bearish inside day candle ventas inc

Ticker(s): VTR