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Possible Bullish Inside Day Candle Pattern Detected for Sabra Health Car (NASDAQ:SBRA)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Sabra Health Car (NASDAQ:SBRA) based on the price action in the company's shares. Yesterday's price range of $22.46 and $22.58 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 Sabra Health Car may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Sabra Health Car (NASDAQ:SBRA) defies analysts with a current price ($22.51) 6.0% above its average consensus price target of $21.15. Sabra Health Car shares should encounter resistance at the 50-day moving average (MA) of $22.80 and support at its 200-day MA of $20.53.

Sabra Health Car share prices have moved between a 52-week high of $24.95 and a 52-week low of $15.70 and closed yesterday at 43% above that low price at $22.51 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.3%.

Sabra Health Care REIT, Inc. is a real estate investment trust. The trust owns nursing homes, rehabilitation centers, assisted living facilities, and independent living centers.

SmarTrend is tracking the current trend status for Sabra Health Car and will alert subscribers who have SBRA in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle sabra health car

Ticker(s): SBRA