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Watch for Hcp Inc to Potentially Pullback After Gaining 2.18% Yesterday

By Amy Schwartz

Hcp Inc (NYSE:HCP) traded in a range yesterday that spanned from a low of $33.75 to a high of $34.33. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $34.29 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Hcp Inc share prices have been bracketed by a low of $24.47 and a high of $34.33 and are now at $34.26, 40% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

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 7.4%. 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