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Warning of possible bullish exhaustion by Ventas Inc.

by Tim Straiton
Saturday 31st August 2024

Ventas Inc. closed the week at $62.11 and above the rising 40 week moving average of 48.92. Holders of this stock should be aware of two technical developments which suggest a possible exhaustion of the current bullish trend.

The weekly choppiness index value of 25 is unusual and points to a market situation driven by emotion and irrational exuberance. In addition, a relative strength index value of 81% is another warning sign of an overbought market. On 13th March 2020, the choppiness index on Ventas Inc. dropped to 22 and signalized a rare opportunity to take advantage of an unusual price development.


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