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Possible Bearish Inside Day Candle Pattern Detected for Federated Investors (NYSE:FII)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Federated Investors (NYSE:FII) based on the price action in the company's shares. Today's price range of $26.43 and $26.79 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 Federated Investors may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Federated Investors has overhead space with shares priced $26.43, or 4.1% below the average consensus analyst price target of $27.57. Federated Investors shares should first meet resistance at the 50-day moving average (MA) of $29.09 and find additional resistance at the 200-day MA of $29.39.

Federated Investors share prices have moved between a 52-week high of $35.75 and a 52-week low of $22.76 and are now trading 16% above that low price at $26.43 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.2%.

Federated Investors, Inc. provides investment management products and related financial services. The Company sponsors, markets and provides investment-related services to various investment products, including mutual funds and Separate Accounts (which include separately managed accounts, institutional accounts, sub-advised funds and other managed products).

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

Keywords: bearish inside day candle federated investors

Ticker(s): FII