Simple Trading Stalk Candidate – SBRA – 19 February 2014

simple trading

SBRA looks like a great stalk candidate.  Lower timeframe long setups should be taken unless the recent $26.71 swing low is taken out.  If the play works, the $29.70 level is a good first target area.

Company Profile via Yahoo Finance — Sabra Health Care REIT, Inc. operates as a real estate investment trust in the United States. The company, through its subsidiaries, owns and invests in real estate properties for the healthcare industry. Its property portfolio consists of 86 properties comprising 67 skilled nursing facilities; 10 combined skilled nursing, assisted living, and independent living facilities; 5 assisted living facilities; 2 mental health facilities; 1 independent living facility; and 1 continuing care retirement community. The company leases its properties to subsidiaries of Sun Healthcare Group, Inc. As of December 31, 2010, its properties had a total of 9,603 licensed beds or units across 19 states. The company is based in Irvine, California.

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