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Upgrade Alert for Brookdale Senior Living (BKD)

By David Diaz

Brookdale Senior Living (NYSE:BKD) was upgraded from Outperform to Top Pick at RBC Capital today. The stock closed yesterday at $31.24 on volume of 1.5 million shares, below average daily volume of 1.6 million.

Brookdale Senior Living share prices have moved between a 52-week high of $34.80 and a 52-week low of $24.42 and closed yesterday at 28% above that low price at $31.24 per share. The 200-day and 50-day moving averages have moved 0.20% higher and 0.75% lower over the past week, respectively.

There is potential upside of 19.4% for shares of Brookdale Senior Living based on a current price of $31.24 and an average consensus analyst price target of $37.29. The stock should hit resistance at its 50-day moving average (MA) of $32.26, as well as support at its 200-day MA of $29.00.

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 is tracking the current trend status for Brookdale Senior Living and will alert subscribers who have BKD in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades brookdale senior living

Ticker(s): BKD