Omega Healthcare Investors Downward Momentum Looks to Continue (OHI)
SmarTrend identified a Downtrend for Omega Healthcare Investors (NYSE: OHI) on January 29, 2010 at $18.79. In approximately 2 weeks, Omega Healthcare Investors has returned 4.4% as of today's recent price of $17.96.
Omega Healthcare Investors is currently below its 50-day moving average of $19.11 and should find support at its 200-day moving average of $16.94. Look for these moving averages to decline to confirm the company's downward momentum.
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 Investors.
Write to Chip Brian at cbrian@tradethetrend.com
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