• Return to Headlines

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

By Nick Russo

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 $70.80 and $71.14 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.

In the past 52 weeks, Ventas Inc share prices have been bracketed by a low of $51.80 and a high of $73.74 and are now at $70.82, 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.3%.

Based on a current price of $70.82, Ventas Inc is currently 22.3% above its average consensus analyst price target of $55.00. Ventas Inc shares have support at the 50-day moving average (MA) of $63.24 and additional support at the 200-day MA of $61.08.

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