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Look for Shares of New Senior Inves to Potentially Pullback after Yesterday's 2.29% Rise

By Nick Russo

New Senior Inves (NYSE:SNR) traded in a range yesterday that spanned from a low of $8.02 to a high of $8.07. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $8.03 on volume of 151,000 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, New Senior Inves has traded in a range of $4.04 to $8.11 and is now at $8.05, 99% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.1%.

SmarTrend is tracking the current trend status for New Senior Inves and will alert subscribers who have SNR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders new senior inves

Ticker(s): SNR