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Possible Bearish Inside Day Candle Pattern Detected for FEI Co (NASDAQ:FEIC)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in FEI Co (NASDAQ:FEIC) based on the price action in the company's shares. Today's price range of $107.50 and $108.08 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 FEI Co may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

FEI Company designs, manufactures, and sells products based on focused charged particle beam technology. The Company's products include focused ion beam workstations, transmission electron microscopes, scanning electron microscopes, and components. The products are sold primarily to manufacturers of integrated circuits and life science and material science customers.

FEI Co (NASDAQ:FEIC) defies analysts with a current price ($108.07) 21.0% above its average consensus price target of $85.33. FEI Co shares have support at the 50-day moving average (MA) of $87.20 and additional support at the 200-day MA of $78.92.

In the past 52 weeks, FEI Co share prices have been bracketed by a low of $64.93 and a high of $108.35 and are now at $108.07, 66% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.2%.

SmarTrend is monitoring the recent change of momentum in FEI Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of FEI Co in search of a potential trend change.

Keywords: bearish inside day candle fei co

Ticker(s): FEIC