• Return to Headlines

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

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Healthcare Tru-A (NYSE:HTA) based on the price action in the company's shares. Yesterday's price range of $30.03 and $30.17 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 Healthcare Tru-A may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Healthcare Tru-A (NYSE:HTA) defies analysts with a current price ($30.07) 1.1% above its average consensus price target of $29.73. The stock should find initial support at its 50-day moving average (MA) of $29.65 and further support at its 200-day MA of $28.47.

Healthcare Tru-A share prices have moved between a 52-week high of $31.57 and a 52-week low of $24.21 and closed yesterday at 24% above that low price at $30.07 per share. The 200-day and 50-day moving averages have moved 0.10% higher and 0.41% higher over the past week, respectively.

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

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: bullish am inside day candle healthcare tru-a

Ticker(s): HTA