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SmarTrend Watching for Potential Rebound in Shares of Hcp Inc After 2.13% Loss

By David Diaz

Hcp Inc (NYSE:HCP) traded in a range yesterday that spanned from a low of $26.12 to a high of $26.73. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $26.38 on volume of 858,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Hcp Inc share prices have moved between a 52-week high of $30.55 and a 52-week low of $21.48 and are now trading 22% above that low price at $26.19 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Hcp Inc on March 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.30. Since that recommendation, shares of Hcp Inc have risen 15.1%. We continue to monitor HCP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders hcp inc

Ticker(s): HCP