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Sabra Health Car Crosses Below its 10-day MA (SBRA)

By Shiri Gupta

Today, shares of Sabra Health Car (NASDAQ:SBRA) have crossed bearishly below their 10-day moving average of $21.80 on a volume of 177K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Sabra Health Car have traded between a low of $15.70 and a high of $23.83 and are now at $21.70, which is 38% above that low price. The 200-day and 50-day moving averages have moved 0.27% higher and 1.10% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Sabra Health Car on March 27th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.24. Since that recommendation, shares of Sabra Health Car have risen 13.9%. We continue to monitor SBRA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sabra health car

Ticker(s): SBRA