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After Yesterday's Rally of 1.71% Shares Could Potentially Pullback

By James Quinn

Sabra Health Car (NYSE:SBRA) traded in a range yesterday that spanned from a low of $18.81 to a high of $19.25. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $18.88 on volume of 347,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Sabra Health Car has traded in a range of $18.48 to $29.10 and is now at $19.03, 3% above that low. The 200-day and 50-day moving averages have moved 0.47% lower and 1.53% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Sabra Health Car on September 26th, 2017 by issuing a Downtrend alert when the shares were trading at $21.03. Since that call, shares of Sabra Health Car have fallen 10.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders sabra health car

Ticker(s): SBRA