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Possible Bearish Inside Day Candle Pattern Detected for Dun & Bradstreet (NYSE:DNB)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Dun & Bradstreet (NYSE:DNB) based on the price action in the company's shares. Yesterday's price range of $138.86 and $140.55 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 Dun & Bradstreet 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, Dun & Bradstreet share prices have been bracketed by a low of $85.99 and a high of $140.72 and closed yesterday at $139.90, 63% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.3%.

Dun & Bradstreet (NYSE:DNB) is currently priced 17.8% above its average consensus analyst price target of $115.00. Dun & Bradstreet shares have support at the 200-day moving average (MA) of $105.71 and additional support at the 50-day MA of $103.91.

The Dun & Bradstreet Corporation provides business information and technology solutions. The Company's customers use these solutions in order to reduce credit risk, find profitable business partners, manage business relationships and collect cash and receivables. Dun & Bradstreet's database contains information on public and private companies around the world.

SmarTrend recommended that subscribers consider buying shares of Dun & Bradstreet on July 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $129.08. Since that recommendation, shares of Dun & Bradstreet have risen 9.0%. We continue to monitor DNB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish am inside day candle dun & bradstreet

Ticker(s): DNB