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Possible Bearish Inside Day Candle Pattern Detected for Bank Ozarks (NASDAQ:OZRK)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Bank Ozarks (NASDAQ:OZRK) based on the price action in the company's shares. Today's price range of $47.52 and $48.26 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 Bank Ozarks may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

In the past 52 weeks, Bank Ozarks share prices have been bracketed by a low of $33.51 and a high of $56.86 and are now at $47.58, 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

Bank Ozarks (NASDAQ:OZRK) has potential upside of 23.8% based on a current price of $47.58 and analysts' consensus price target of $58.91. Bank Ozarks shares have support at the 200-day moving average (MA) of $44.96 and additional support at the 50-day MA of $41.77.

Bank of the Ozarks, Inc. is the holding company for the Bank of the Ozarks. The Bank provides a wide range of retail and commercial banking services to businesses, individuals, and government agencies through the company's banking offices located throughout Arkansas, Georgia, Texas, Florida, Alabama, North Carolina and South Carolina.

SmarTrend is monitoring the recent change of momentum in Bank Ozarks. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Bank Ozarks in search of a potential trend change.

Keywords: bearish inside day candle bank ozarks

Ticker(s): OZRK