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Possible Bearish Inside Day Candle Pattern Detected for Fnf Group (NYSE:FNF)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Fnf Group (NYSE:FNF) based on the price action in the company's shares. Today's price range of $36.41 and $36.41 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 Fnf Group may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Over the past year, Fnf Group has traded in a range of $29.50 to $42.52 and is now at $36.41, 23% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

There is potential upside of 26.3% for shares of Fnf Group based on a current price of $36.41 and an average consensus analyst price target of $46.00. Fnf Group shares have support at the 200-day moving average (MA) of $36.14 and additional support at the 50-day MA of $34.99.

FNF Group was created as a tracking stock proposal for the Fidelity National Financial, Inc. common stock. FNF provides title insurance, technology, and transaction services to the real estate and mortgage industries.

SmarTrend recommended that subscribers consider buying shares of Fnf Group on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.06. Since that recommendation, shares of Fnf Group have risen 13.9%. We continue to monitor FNF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish inside day candle fnf group

Ticker(s): FNF