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Watch for Ventas Inc to Potentially Rebound After Falling 1.54% Yesterday

By Shiri Gupta

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.

In the past 52 weeks, Ventas Inc share prices have been bracketed by a low of $46.55 and a high of $72.36 and are now at $54.38, 17% above that low price. The 200-day and 50-day moving averages have moved 0.32% lower and 0.61% higher over the past week, respectively.

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