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

By Nick Russo

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. Yesterday's price range of $88.83 and $89.90 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 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.

Potential upside of 25.0% exists for Capital One Fina, based on a current level of $89.90 and analysts' average consensus price target of $112.39. Capital One Fina shares have support at the 50-day moving average (MA) of $88.42 and additional support at the 200-day MA of $87.35.

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.

Capital One Fina share prices have moved between a 52-week high of $101.26 and a 52-week low of $69.90 and closed yesterday at 29% above that low price at $89.90 per share. The 200-day and 50-day moving averages have moved 0.15% lower and 0.56% higher over the past week, respectively.

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

Keywords: bearish am inside day candle capital one fina

Ticker(s): COF