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

By Nick Russo

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 $86.88 and $87.36 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.

Over the past year, Keysight Tec has traded in a range of $53.21 to $93.77 and is now at $87.00, 64% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has declined 0.3%.

Based on a current price of $87.00, Keysight Tec is currently 32.2% above its average consensus analyst price target of $59.00. The stock should discover initial support at its 50-day moving average (MA) of $83.94 and subsequent support at its 200-day MA of $72.97.

SmarTrend is monitoring the recent change of momentum in Keysight Tec. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Keysight Tec in search of a potential trend change.

Keywords: bearish inside day candle keysight tec

Ticker(s): KEYS