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Possible Bearish Inside Day Candle Pattern Detected for DST Systems (NYSE:DST)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in DST Systems (NYSE:DST) based on the price action in the company's shares. Yesterday's price range of $120.12 and $121.74 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 DST Systems may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

DST Systems, Inc. provides information processing and computer software services and products. The Company's operating segments include financial services, customer management, and output solutions. DST's data center provides information-processing services to support the products within each operating segment.

Potential upside of 8.2% exists for DST Systems, based on a current level of $121.05 and analysts' average consensus price target of $131.00. The stock should discover initial support at its 50-day moving average (MA) of $112.30 and subsequent support at its 200-day MA of $111.14.

DST Systems share prices have moved between a 52-week high of $134.65 and a 52-week low of $95.54 and closed yesterday at 27% above that low price at $121.05 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.2%.

SmarTrend recommended that subscribers consider buying shares of DST Systems on March 3rd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $108.46. Since that recommendation, shares of DST Systems have risen 12.3%. We continue to monitor DST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish am inside day candle dst systems

Ticker(s): DST