• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Ezcorp (NASDAQ:EZPW)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Ezcorp (NASDAQ:EZPW) based on the price action in the company's shares. Yesterday's price range of $8.57 and $8.93 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 Ezcorp 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, Ezcorp share prices have been bracketed by a low of $2.44 and a high of $12.00 and closed yesterday at $8.65, 255% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 4.5%.

EZCORP, Inc. owns and operates pawn shops that serve as sources for consumer credit and retail previously-owned merchandise. The Company operates in the United States.

Ezcorp (NASDAQ:EZPW) has potential upside of 23.3% based on a current price of $8.65 and analysts' consensus price target of $10.67. Ezcorp shares have support at the 200-day moving average (MA) of $4.91 and additional support at the 50-day MA of $3.59.

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

Keywords: bearish am inside day candle ezcorp

Ticker(s): EZPW