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Downgrade Alert for Brookdale Senior Living (BKD)

By James Quinn

Brookdale Senior Living (NYSE:BKD) was downgraded from Buy to Hold at Stifel today. The stock closed yesterday at $30.68 on volume of 15.0 million shares, above average daily volume of 2.4 million.

In the past 52 weeks, Brookdale Senior Living share prices have been bracketed by a low of $29.91 and a high of $39.89 and closed yesterday at $30.66, 3% 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 declined 1%.

Brookdale Senior Living (NYSE:BKD) has potential upside of 41.2% based on a current price of $30.66 and analysts' consensus price target of $43.29. The stock should run into initial resistance at its 50-day moving average (MA) of $34.97 and subsequent resistance at its 200-day MA of $35.71.

Brookdale Senior Living Inc. operates senior living facilities in the United States. The Company offers its residents access to a full continuum of services across all sectors of the senior living industry. Brookdale Senior operates independent living facilities, assisted living facilities, continuing care retirement communities, and a skilled nursing facility.

SmarTrend recommended that its subscribers protect gains by selling shares of Brookdale Senior Living on June 30th, 2015 by issuing a Downtrend alert when the shares were trading at $35.07. Since that call, shares of Brookdale Senior Living have fallen 12.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: analyst upgrades/downgrades brookdale senior living

Ticker(s): BKD