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SmarTrend Watching for Potential Rebound in Shares of Ventas Inc After 1.54% Loss

By Nick Russo

Ventas Inc (NYSE:VTR) traded in a range yesterday that spanned from a low of $54.30 to a high of $55.45. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $54.50 on volume of 560,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Ventas Inc has traded in a range of $46.55 to $72.36 and is now at $54.38, 17% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Ventas Inc on April 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $50.34. Since that recommendation, shares of Ventas Inc have risen 9.6%. We continue to monitor VTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders ventas inc

Ticker(s): VTR