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Ventas Crosses Below its 10-day MA (VTR)

By Shiri Gupta

Ventas (NYSE:VTR) shares have crossed bearishly below their 10-day moving average of $74.20 on a volume of 170K 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.

In the past 52 weeks, shares of Ventas have traded between a low of $46.87 and a high of $76.80 and are now at $73.73, which is 57% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Ventas on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.88. Since that recommendation, shares of Ventas have risen 40.9%. We continue to monitor VTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ventas

Ticker(s): VTR