Extendicare (OTCMKTS:EXETF) Shares Break Above 50 Day Moving Average – Should You Sell?

Extendicare Inc. (OTCMKTS:EXETF) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of $20.47 and traded as high as $20.97. Extendicare shares last traded at $20.97, with a volume of 52,511 shares traded.

Analysts Set New Price Targets

EXETF has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated an “outperform” rating on shares of Extendicare in a research report on Friday, August 14th. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Extendicare in a research report on Monday, October 26th. Five investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Extendicare Trading Up 4.0%

The firm’s fifty day simple moving average is $20.47 and its 200-day simple moving average is $21.66.

Extendicare Company Profile

Extendicare Inc. is a Canadian provider of continuing health care and senior living services. The company operates long-term care homes and retirement communities, serving older adults who require residential care, assistance with daily living, or supportive housing. Through its ParaMed business, Extendicare also provides home health-care services, including nursing, personal support, rehabilitation, and other care delivered in patients’ homes. In addition, the company offers management and consulting services to health-care and senior living operators through its Extendicare Assist platform.