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Shares of Omega Healthcare Rise to a New 52-Week High

By Amy Schwartz

Omega Healthcare (NYSE:OHI) traded today at a new 52-week high of $40.37. This new high was reached on below average trading volume as 407,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

OMEGA Healthcare Investors, Inc. is a real estate investment trust (REIT). The Company invests in and provides financing to the long-term care industry. OMEGA operates healthcare facilities in the United States which are operated by independent healthcare operating companies.

In the past 52 weeks, shares of Omega Healthcare have traded between a low of $31.69 and a high of $40.37 and are now at $40.37, which is 27% above that low price. The 200-day and 50-day moving averages have moved 0.34% higher and 0.74% higher over the past week, respectively.

Omega Healthcare (NYSE:OHI) is currently priced 28.7% above its average consensus analyst price target of $28.79. Omega Healthcare shares have support at the 50-day moving average (MA) of $37.41 and additional support at the 200-day MA of $36.74.

SmarTrend is monitoring the recent change of momentum in Omega Healthcare. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Omega Healthcare in search of a potential trend change.

Keywords: 52 week high/lows omega healthcare

Ticker(s): OHI