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Possible Bearish Inside Day Candle Pattern Detected for Hca Healthcare I (NYSE:HCA)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Hca Healthcare I (NYSE:HCA) based on the price action in the company's shares. Today's price range of $107.48 and $108.33 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 Hca Healthcare I 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, shares of Hca Healthcare I have traded between a low of $71.18 and a high of $108.85 and are now at $107.62, which is 51% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.6%.

Hca Healthcare I has overhead space with shares priced $107.62, or 5.3% below the average consensus analyst price target of $113.63. The stock should discover initial support at its 50-day moving average (MA) of $104.25 and subsequent support at its 200-day MA of $93.47.

HCA Healthcare, Inc. offers health care services. The Hospital provides diagnosis, treatments, consultancy, nursing, surgeries, and other services, as well as medical education, physician resource center, and training programs. HCA Healthcare serves patients in the United States.

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

Keywords: bearish inside day candle hca healthcare i

Ticker(s): HCA