• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Karyopharm Thera (NASDAQ:KPTI)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Karyopharm Thera (NASDAQ:KPTI) based on the price action in the company's shares. Yesterday's price range of $4.66 and $4.72 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 Karyopharm Thera may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Karyopharm Thera has overhead space with shares priced $4.67, or 80.3% below the average consensus analyst price target of $23.67. The stock should find initial resistance at its 50-day moving average (MA) of $5.01 and further resistance at its 200-day MA of $10.59.

Karyopharm Thera share prices have moved between a 52-week high of $21.71 and a 52-week low of $3.92 and closed yesterday at 19% above that low price at $4.67 per share. Over the past week, the 200-day moving average (MA) has gone down 2.3% while the 50-day MA has advanced 0.5%.

Karyopharm Therapeutics, Inc. provides biopharmaceutical products and services. The Company develops and discovers drugs for the treatment of cancer, inflammation, and diseases related to cell proliferation through activity modulation of critical pathways. Karyopham Therapeutics serves the healthcare industry throughout the United States and Germany.

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

Keywords: bearish am inside day candle karyopharm thera

Ticker(s): KPTI