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Possible Bearish Inside Day Candle Pattern Detected for Boston Priv Finl (NASDAQ:BPFH)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Boston Priv Finl (NASDAQ:BPFH) based on the price action in the company's shares. Yesterday's price range of $10.69 and $10.87 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 Boston Priv Finl may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Boston Private Financial Holdings, Inc. operates as the bank holding company for Boston Private Bank & Trust Company that provides a range of banking services in the United States. It operates in three segments: Private Banking, Wealth Management and Trust, and Affiliate Partners. The company accepts deposit products, such as checking accounts, savings and NOW accounts, money market accounts, and certificates of deposit.

Boston Priv Finl (NASDAQ:BPFH) has potential upside of 53.3% based on a current price of $10.83 and analysts' consensus price target of $16.61. The stock should find initial resistance at its 50-day moving average (MA) of $11.23 and further resistance at its 200-day MA of $12.16.

Over the past year, Boston Priv Finl has traded in a range of $10.00 to $17.85 and closed yesterday at $10.83, 8% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has remained constant.

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

Keywords: bearish am inside day candle boston priv finl

Ticker(s): BPFH