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Ventas Inc Rises 1.53% on Heavy Volume: Watch For Potential Pullback

By Nick Russo

Ventas Inc (NYSE:VTR) traded in a range yesterday that spanned from a low of $65.40 to a high of $66.92. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $65.43 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Ventas Inc share prices have moved between a 52-week high of $66.92 and a 52-week low of $51.80 and are now trading 28% above that low price at $66.26 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

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

Keywords: rebounders ventas inc

Ticker(s): VTR