After Yesterday's Rally of 3.91% Shares Could Potentially Pullback
Ventas (NYSE:VTR) traded in a range yesterday that spanned from a low of $63.15 to a high of $65.98. Yesterday, the shares gained 3.9%, which took the trading range above the 3-day high of $63.48 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Ventas share prices have moved between a 52-week high of $70.41 and a 52-week low of $46.87 and are now trading 40% above that low price at $65.82 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% 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 20.0%. We continue to monitor VTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: rebounders ventas