• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Agilent Tech Inc (NYSE:A)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Agilent Tech Inc (NYSE:A) based on the price action in the company's shares. Yesterday's price range of $83.59 and $84.74 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Agilent Tech Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Agilent Technologies, Inc. provides core bio-analytical and electronic measurement solutions to the communications, electronics, life sciences, and chemical analysis industries. The Company's operations include electronic measurement, bio-analytical measurement, semiconductor, and board testing.

Based on a current price of $83.71, Agilent Tech Inc is currently 9.6% above its average consensus analyst price target of $75.65. The stock should find initial support at its 50-day moving average (MA) of $77.71 and further support at its 200-day MA of $74.96.

Over the past year, Agilent Tech Inc has traded in a range of $62.00 to $84.98 and closed yesterday at $83.71, 35% above that low. The 200-day and 50-day moving averages have moved 0.13% higher and 1.09% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Agilent Tech Inc on November 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.00. Since that recommendation, shares of Agilent Tech Inc have risen 7.3%. We continue to monitor A for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish am inside day candle agilent tech inc

Ticker(s): A