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HCP (HCP) Crosses Pivot Point Resistance at $30.38

By Nick Russo

Shares of HCP (NYSE:HCP) have bullishly opened above the pivot of $30.15 today and have reached the first resistance level of $30.38. Investors may be interested in a cross of the next upside pivot targets of $30.64 and $31.13.

There is potential upside of 0.0% for shares of HCP based on a current price of $0.00 and an average consensus analyst price target of $31.23. The stock should run into initial resistance at its 50-day moving average (MA) of $33.05 and subsequent resistance at its 200-day MA of $35.60.

In the past 52 weeks, HCP share prices have been bracketed by a current low of $0.00 and a high of $40.95 and are now at $0.00. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.2%.

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

Keywords: pivot alerts

Ticker(s): HCP