• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Green Dot Corp-A (NYSE:GDOT)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Green Dot Corp-A (NYSE:GDOT) based on the price action in the company's shares. Yesterday's price range of $47.88 and $48.38 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 Green Dot Corp-A 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, Green Dot Corp-A share prices have been bracketed by a low of $41.67 and a high of $93.00 and closed yesterday at $47.89, 15% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 0.9%.

Green Dot Corporation operates as a bank holding company that offers personal banking products and services. The Company provides prepaid debit card products, prepaid card reloading services, and mobile banking accounts. Green Dot offers its products and services to consumers across the United States via retail, online, and digital distribution channels.

Potential upside of 52.0% exists for Green Dot Corp-A, based on a current level of $47.89 and analysts' average consensus price target of $72.77. Green Dot Corp-A shares should first meet resistance at the 50-day moving average (MA) of $59.28 and find additional resistance at the 200-day MA of $73.98.

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

Keywords: bearish am inside day candle green dot corp-a

Ticker(s): GDOT