Possible Bearish Inside Day Candle Pattern Detected for Dun & Bradstreet (NYSE:DNB)
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 $133.13 and $134.56 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.
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.
In the past 52 weeks, Dun & Bradstreet share prices have been bracketed by a low of $98.44 and a high of $137.25 and closed yesterday at $134.01, 36% above that low price. The 200-day and 50-day moving averages have moved 0.28% higher and 0.74% higher over the past week, respectively.
Dun & Bradstreet (NYSE:DNB) is currently priced 5.4% above its average consensus analyst price target of $126.71. The stock should discover initial support at its 50-day moving average (MA) of $129.68 and subsequent support at its 200-day MA of $120.63.
SmarTrend is monitoring the recent change of momentum in Dun & Bradstreet. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Dun & Bradstreet in search of a potential trend change.
Keywords: bearish am inside day candle dun & bradstreet