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Ventas Inc Set to Possibly Rebound After Yesterday's Selloff of 2.91%

By David Diaz

Ventas Inc (NYSE:VTR) traded in a range yesterday that spanned from a low of $60.27 to a high of $62.09. Yesterday, the shares fell 2.9%, which took the trading range below the 3-day low of $61.05 on volume of 654,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Ventas Inc share prices have moved between a 52-week high of $65.70 and a 52-week low of $46.55 and are now trading 30% above that low price at $60.37 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.2%.

SmarTrend is tracking the current trend status for Ventas Inc and will alert subscribers who have VTR in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders ventas inc

Ticker(s): VTR