• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Dhi Group Inc (NYSE:DHX)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Dhi Group Inc (NYSE:DHX) based on the price action in the company's shares. Today's price range of $3.14 and $3.14 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 Dhi Group Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Over the past year, Dhi Group Inc has traded in a range of $1.25 to $3.54 and is now at $3.14, 151% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 4.0%.

Dhi Group Inc (NYSE:DHX) is currently priced 44.3% above its average consensus analyst price target of $1.75. The stock should discover initial support at its 50-day moving average (MA) of $2.55 and subsequent support at its 200-day MA of $2.09.

DHI Group, Inc. is a provider that specializes in career sites and career fairs for high growth vertical sectors. The Company provides services to help recruiters, consultants and businesses hire, and train highly qualified professionals.

SmarTrend is tracking the current trend status for Dhi Group Inc and will alert subscribers who have DHX in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle dhi group inc

Ticker(s): DHX