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Omega Healthcare Down 15.7% Since SmarTrend Downtrend Call (OHI)

By David Diaz

SmarTrend identified a Downtrend for Omega Healthcare (NYSE:OHI) on October 30th, 2017 at $31.01. In approximately 6 months, Omega Healthcare has returned 15.69% as of today's recent price of $26.15.

In the past 52 weeks, shares of Omega Healthcare have traded between a low of $24.90 and a high of $38.09 and are now at $26.15, which is 5% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.8%.

OMEGA Healthcare Investors, Inc. is a real estate investment trust (REIT). The Company invests in and provides financing to the long-term care industry. OMEGA operates healthcare facilities in the United States which are operated by independent healthcare operating companies.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Omega Healthcare.

Log in and add Omega Healthcare (OHI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights omega healthcare

Ticker(s): OHI