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Sabra Health Car Set to Possibly Rebound After Yesterday's Selloff of 2.68%

By James Quinn

Sabra Health Car (NASDAQ:SBRA) traded in a range yesterday that spanned from a low of $21.21 to a high of $22.13. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $21.81 on volume of 984,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Sabra Health Car share prices have been bracketed by a low of $15.78 and a high of $23.83 and are now at $21.39, 36% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

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

Keywords: rebounders sabra health car

Ticker(s): SBRA