Possible Bullish Inside Day Candle Pattern Detected for Brookdale Senior Living (NYSE:BKD)
SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Brookdale Senior Living (NYSE:BKD) based on the price action in the company's shares. Today's price range of $16.96 and $17.10 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. Traders and investors interested in shares of Brookdale Senior Living may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.
Brookdale Senior Living Inc. operates senior living facilities in the United States. The Company offers its residents access to a full continuum of services across all sectors of the senior living industry. Brookdale Senior operates independent living facilities, assisted living facilities, continuing care retirement communities, and a skilled nursing facility.
In the past 52 weeks, Brookdale Senior Living share prices have been bracketed by a low of $11.28 and a high of $38.60 and are now at $17.05, 51% above that low price. Over the past week, the 200-day moving average (MA) has gone down 1.4% while the 50-day MA has advanced 2.0%.
Brookdale Senior Living has overhead space with shares priced $17.05, or 48.3% below the average consensus analyst price target of $33.00. The stock should find resistance at its 200-day moving average (MA) of $20.87, as well as support at its 50-day MA of $16.53.
SmarTrend is monitoring the recent change of momentum in Brookdale Senior Living. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Brookdale Senior Living in search of a potential trend change.
Keywords: bullish inside day candle brookdale senior living