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Possible Bearish Inside Day Candle Pattern Detected for Angie'S List Inc (NASDAQ:ANGI)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Angie'S List Inc (NASDAQ:ANGI) based on the price action in the company's shares. Today's price range of $16.75 and $16.75 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 Angie'S List Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Angie'S List Inc share prices have moved between a 52-week high of $23.95 and a 52-week low of $12.65 and are now trading 32% above that low price at $16.75 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Angie'S List Inc (NASDAQ:ANGI) is currently priced 5.3% above its average consensus analyst price target of $15.86. The stock should find resistance at its 200-day moving average (MA) of $17.74, as well as support at its 50-day MA of $16.11.

Angie's List Inc. provides Internet information and content. The Company offers product and company reviews, actively collects data on listed companies, and provides complaint resolution services between business and client.

SmarTrend is tracking the current trend status for Angie'S List Inc and will alert subscribers who have ANGI in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle angie's list inc

Ticker(s): ANGI