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Recent 52-Week High Exceeded in Shares of Brookdale Senior Living (BKD)

By David Diaz

Brookdale Senior Living (NYSE:BKD) traded at a new 52-week high today of $27.67. This new high was reached on below average trading volume as 76,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

Brookdale Senior Living has overhead space with shares priced $27.50, or 9.5% below the average consensus analyst price target of $30.38. Brookdale Senior Living shares have support at the 50-day moving average (MA) of $24.95 and additional support at the 200-day MA of $20.81.

In the past 52 weeks, Brookdale Senior Living share prices have been bracketed by a low of $14.99 and a high of $27.67 and are now at $27.50, 83% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

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.

SmarTrend recommended that subscribers consider buying shares of Brookdale Senior Living on November 20th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.57. Since that recommendation, shares of Brookdale Senior Living have risen 12.4%. We continue to monitor BKD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows brookdale senior living

Ticker(s): BKD