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Possible Bullish Inside Day Candle Pattern Detected for Brookdale Sr (NYSE:BKD)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Brookdale Sr (NYSE:BKD) based on the price action in the company's shares. Yesterday's price range of $7.40 and $7.56 is within the prior day'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 Sr 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 Sr share prices have been bracketed by a low of $5.97 and a high of $9.84 and closed yesterday at $7.54, 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.8% while the 200-day MA has remained constant.

Potential upside of 21.6% exists for Brookdale Sr, based on a current level of $7.54 and analysts' average consensus price target of $9.17. The stock should find resistance at its 50-day moving average (MA) of $7.92, as well as support at its 200-day MA of $7.35.

SmarTrend is tracking the current trend status for Brookdale Sr and will alert subscribers who have BKD in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle brookdale sr

Ticker(s): BKD