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Possible Bearish Inside Day Candle Pattern Detected for Icf Internationa (NASDAQ:ICFI)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Icf Internationa (NASDAQ:ICFI) based on the price action in the company's shares. Today's price range of $81.43 and $81.75 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 Icf Internationa 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 Icf Internationa have traded between a low of $50.10 and a high of $86.38 and are now at $81.44, which is 63% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.3%.

Icf Internationa (NASDAQ:ICFI) defies analysts with a current price ($81.44) 12.8% above its average consensus price target of $71.00. The stock should find resistance at its 50-day moving average (MA) of $81.53, as well as support at its 200-day MA of $74.27.

ICF International, Inc. provides management, technology, policy consulting, and implementation services primarily to the U.S. federal government, as well as to other government, commercial and international clients.

SmarTrend is tracking the current trend status for Icf Internationa and will alert subscribers who have ICFI in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle icf internationa

Ticker(s): ICFI