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Senior Housing Bearish Moving Average Crossover Alert (SNH)

By David Diaz

Senior Housing (NASDAQ:SNH) crossed under its 10-day moving average of $18.90 on a volume of 183K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Senior Housing share prices have moved between a 52-week high of $20.27 and a 52-week low of $14.86 and are now trading 26% above that low price at $18.69 per share. The 200-day and 50-day moving averages have moved 0.06% lower and 0.35% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Senior Housing on May 10th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.41. Since that recommendation, shares of Senior Housing have risen 16.5%. We continue to monitor SNH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses senior housing

Ticker(s): SNH