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

By Amy Schwartz

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 $92.30 and $92.30 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.

Over the past year, Keysight Tec has traded in a range of $50.59 to $92.99 and is now at $92.30, 82% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.5%.

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

Keysight Tec (NYSE:KEYS) is currently priced 36.1% above its average consensus analyst price target of $59.00. Keysight Tec shares have support at the 50-day moving average (MA) of $85.94 and additional support at the 200-day MA of $68.50.

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

Keywords: bearish inside day candle keysight tec

Ticker(s): KEYS