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Next Resistance Level for Health Care REIT (HCN) is $68.29

By David Diaz

Shares of Health Care REIT (NYSE:HCN) opened today above their pivot of $67.43 and have already reached the first level of resistance at $67.78. Investors may be interested in a cross of the next upside pivot targets of $68.29 and $69.15.

Health Care REIT share prices have moved between a 52-week high of $80.19 and the current low of $0.00 and are currently at $0.00 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.4%.

Potential upside of 0.0% exists for Health Care REIT, based on a current level of $0.00 and analysts' average consensus price target of $70.33. The stock should run into initial resistance at its 200-day moving average (MA) of $65.93 and subsequent resistance at its 50-day MA of $68.19.

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

Keywords: pivot alerts health care reit

Ticker(s): HCN