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Possible Bearish Inside Day Candle Pattern Detected for Endo Internation (:ENDP)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Endo Internation (:ENDP) based on the price action in the company's shares. Today's price range of $7.93 and $8.10 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 Endo Internation may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Endo International PLC provides specialty healthcare solutions. The Company develops, manufactures, markets, and distributes pharmaceutical products and generic drugs. Endo International offers its products to the medical and healthcare industries around the globe.

Over the past year, Endo Internation has traded in a range of $0.00 to $8.10 and is now at $8.09, -100% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 3.2%.

Endo Internation (:ENDP) has potential upside of 4.7% based on a current price of $8.09 and analysts' consensus price target of $8.47. The stock should run into initial resistance at its 50-day moving average (MA) of $8.37 and subsequent resistance at its 200-day MA of $12.00.

SmarTrend is tracking the current trend status for Endo Internation and will alert subscribers who have ENDP in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle :endp endo internation

Ticker(s): ENDP