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Possible Bearish Inside Day Candle Pattern Detected for Capital One Fina (NYSE:COF)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Capital One Fina (NYSE:COF) based on the price action in the company's shares. Today's price range of $99.07 and $99.81 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 Capital One Fina may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Capital One Fina has overhead space with shares priced $99.23, or 11.7% below the average consensus analyst price target of $112.39. Capital One Fina shares have support at the 50-day moving average (MA) of $92.82 and additional support at the 200-day MA of $89.07.

Capital One Financial Corporation provides commercial banking services. The Bank accepts deposits and offers personal credit cards, investment products, loans, and online banking services. Capital One serves customers in the State of Virginia.

In the past 52 weeks, shares of Capital One Fina have traded between a low of $69.90 and a high of $99.99 and are now at $99.23, which is 42% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.3%.

SmarTrend is tracking the current trend status for Capital One Fina and will alert subscribers who have COF in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle capital one fina

Ticker(s): COF