Brookdale Senior Living, Inc. (NYSE: BKD)

Brookdale Senior Living Inc. operates senior living communities in the United States. It offers independent living, assisted living, Alzheimer’s and dementia care, rehabilitation and skilled nursing, continuing retirement care, and life care services for residents. The company also provides Care3 Wellness programs, which include education, rehabilitation, and exercise; and massage therapy, chair yoga, and Tai Chi, as well as health education and group exercise classes. Brookdale Senior Living Inc. was incorporated in 2005 and is based in Brentwood, Tennessee.
To review Brookdale’s stock, please take a look at the 18-month chart of BKD (Brookdale Senior Living, Inc.) below with my added notations:

It’s easy to see why traders could think BKD was never going anywhere since the stock just went sideways all year in 2013. However, over that period of time the stock had also created a strong level of resistance at $30 (blue), which constituted a 52-week high resistance. A break through that level would most likely mean higher prices for the stock. As you can see from the chart, BKD finally broke higher this past Friday on massive volume.
The Tale of the Tape: BKD broke out to a new 52-week high. A long trade could be made near $30 with a stop placed below that level. A break back below $30 would negate the forecast for a continued move higher.
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