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

By David Diaz

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. Yesterday's price range of $128.26 and $129.69 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 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.

Hca Healthcare I (NYSE:HCA) is currently priced 12.4% above its average consensus analyst price target of $113.63. The stock should find resistance at its 50-day moving average (MA) of $132.72, as well as support at its 200-day MA of $119.86.

In the past 52 weeks, shares of Hca Healthcare I have traded between a low of $84.92 and a high of $147.42 and closed yesterday at $129.75, which is 53% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.6%.

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

Keywords: bearish am inside day candle hca healthcare i

Ticker(s): HCA