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

By Shiri Gupta

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 $3.66 and $3.75 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.

In the past 52 weeks, shares of Dhi Group Inc have traded between a low of $1.25 and a high of $3.82 and are now at $3.66, which is 193% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.9%.

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.

Dhi Group Inc (NYSE:DHX) defies analysts with a current price ($3.66) 52.2% above its average consensus price target of $1.75. The stock should find initial support at its 50-day moving average (MA) of $2.77 and further support at its 200-day MA of $2.15.

SmarTrend recommended that subscribers consider buying shares of Dhi Group Inc on April 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $2.93. Since that recommendation, shares of Dhi Group Inc have risen 29.7%. We continue to monitor DHX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish inside day candle dhi group inc

Ticker(s): DHX