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Possible Bearish Inside Day Candle Pattern Detected for Keyw Holding Cor (NASDAQ:KEYW)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Keyw Holding Cor (NASDAQ:KEYW) based on the price action in the company's shares. Yesterday's price range of $8.11 and $8.25 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 Keyw Holding Cor may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

The KEYW Holding Corp. provides mission-critical cyber security and cyber superiority solutions to defense, intelligence, and national security agencies. The Company's solutions, services, and products support the collection, processing, analysis, and use of intelligence data and information in the domain of cyber space.

Keyw Holding Cor share prices have moved between a 52-week high of $13.57 and a 52-week low of $4.94 and closed yesterday at 65% above that low price at $8.15 per share. The 200-day and 50-day moving averages have moved 0.87% lower and 2.88% higher over the past week, respectively.

Keyw Holding Cor has overhead space with shares priced $8.15, or 4.1% below the average consensus analyst price target of $8.50. The stock should discover initial support at its 50-day moving average (MA) of $6.74 and subsequent support at its 200-day MA of $6.61.

SmarTrend recommended that subscribers consider buying shares of Keyw Holding Cor on January 11th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.40. Since that recommendation, shares of Keyw Holding Cor have risen 28.9%. We continue to monitor KEYW for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish am inside day candle keyw holding cor

Ticker(s): KEYW