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

By David Diaz

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. Yesterday's price range of $121.08 and $121.83 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 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.

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.

Over the past year, Kansas City Sout has traded in a range of $90.55 to $125.92 and closed yesterday at $121.42, 34% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Kansas City Sout (NYSE:KSU) is currently priced 1.6% above its average consensus analyst price target of $119.53. Kansas City Sout shares have support at the 50-day moving average (MA) of $118.87 and additional support at the 200-day MA of $109.88.

SmarTrend recommended that subscribers consider buying shares of Kansas City Sout on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $97.88. Since that recommendation, shares of Kansas City Sout have risen 24.7%. We continue to monitor KSU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish am inside day candle kansas city sout

Ticker(s): KSU