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Possible Bearish Inside Day Candle Pattern Detected for Kansas City Sout (NYSE:KSU)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Kansas City Sout (NYSE:KSU) based on the price action in the company's shares. Today's price range of $118.09 and $118.35 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 Kansas City Sout may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Potential upside of 1.0% exists for Kansas City Sout, based on a current level of $118.33 and analysts' average consensus price target of $119.53. The stock should find resistance at its 50-day moving average (MA) of $120.05, as well as support at its 200-day MA of $110.14.

In the past 52 weeks, Kansas City Sout share prices have been bracketed by a low of $90.55 and a high of $125.92 and are now at $118.33, 31% 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 remained constant.

Kansas City Southern, through its subsidiary, is the holding company for transportation segment subsidiaries and affiliates. The Company operates a railroad system that provides shippers with rail freight services in commercial and industrial markets of the United States and Mexico.

SmarTrend is tracking the current trend status for Kansas City Sout and will alert subscribers who have KSU in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle kansas city sout

Ticker(s): KSU