• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Amedisys Inc (NASDAQ:AMED)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Amedisys Inc (NASDAQ:AMED) based on the price action in the company's shares. Today's price range of $124.57 and $124.57 is within yesterday'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 Amedisys Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Amedisys Inc share prices have moved between a 52-week high of $140.91 and a 52-week low of $58.13 and are now trading 114% above that low price at $124.57 per share. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.5%.

Amedisys, Inc. is a multi-regional provider of alternate-site health care services. The Company offers home health care nursing, home infusion therapy, and ambulatory surgery centers. Amedisys operates offices within a network of subsidiaries in the southern and southeastern United States.

Based on a current price of $124.57, Amedisys Inc is currently 39.3% above its average consensus analyst price target of $75.57. Amedisys Inc shares should encounter resistance at the 50-day moving average (MA) of $126.01 and support at its 200-day MA of $113.31.

SmarTrend is tracking the current trend status for Amedisys Inc and will alert subscribers who have AMED in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle amedisys inc

Ticker(s): AMED