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SmarTrend Watching for Potential Rebound in Shares of Hcp Inc After 2.40% Loss

By Nick Russo

Hcp Inc (NYSE:HCP) traded in a range yesterday that spanned from a low of $33.78 to a high of $34.55. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $34.10 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Hcp Inc on May 15th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $31.18. Since that recommendation, shares of Hcp Inc have risen 11.0%. We continue to monitor HCP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Hcp Inc have traded between a low of $24.47 and a high of $36.07 and are now at $33.89, which is 38% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

Keywords: rebounders hcp inc

Ticker(s): HCP