• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Kbr Inc (NYSE:KBR)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Kbr Inc (NYSE:KBR) based on the price action in the company's shares. Today's price range of $20.31 and $20.31 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 Kbr Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

KBR, Inc. is a global engineering, construction, and services company supporting the energy, petrochemicals, government services, and civil infrastructure sectors. The Company offers a wide range of services through two business segments, Energy and Chemicals (E&C) and Government and Infrastructure (G&I).

Based on a current price of $20.31, Kbr Inc is currently 5.8% above its average consensus analyst price target of $19.14. The stock should discover initial support at its 200-day moving average (MA) of $18.92 and subsequent support at its 50-day MA of $18.86.

Over the past year, Kbr Inc has traded in a range of $13.90 to $22.22 and is now at $20.31, 46% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.2%.

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

Keywords: bearish inside day candle KBR Inc

Ticker(s): KBR