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Possible Bearish Inside Day Candle Pattern Detected for Keysight Tec (NYSE:KEYS)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Keysight Tec (NYSE:KEYS) based on the price action in the company's shares. Today's price range of $86.85 and $86.85 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 Keysight Tec may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Keysight Technologies, Inc. offers electronic measurement services using wireless, modular, and software solutions.

Keysight Tec (NYSE:KEYS) is currently priced 32.1% above its average consensus analyst price target of $59.00. Keysight Tec shares have support at the 50-day moving average (MA) of $78.18 and additional support at the 200-day MA of $65.36.

In the past 52 weeks, shares of Keysight Tec have traded between a low of $50.25 and a high of $88.00 and are now at $86.85, which is 73% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 2.5%.

SmarTrend recommended that subscribers consider buying shares of Keysight Tec on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $63.27. Since that recommendation, shares of Keysight Tec have risen 38.4%. We continue to monitor KEYS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish inside day candle keysight tec

Ticker(s): KEYS