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Senior Housing Properties Trust Crosses Below its 10-day MA (SNH)

By James Quinn

Senior Housing Properties Trust (NYSE:SNH) shares have crossed bearishly below their 10-day moving average of $18.23 on a volume of 299K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Senior Housing Properties Trust share prices have moved between a 52-week high of $20.71 and a 52-week low of $13.53 and are now trading 33% above that low price at $17.94 per share. The 200-day and 50-day moving averages have moved 0.05% higher and 1.52% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Senior Housing Properties Trust on March 1st, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.86. Since that recommendation, shares of Senior Housing Properties Trust have risen 15.6%. 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 properties trust

Ticker(s): SNH