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

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Keyw Holding Corp (NASDAQ:KEYW) based on the price action in the company's shares. Yesterday's price range of $10.22 and $10.62 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 Corp may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

In the past 52 weeks, Keyw Holding Corp share prices have been bracketed by a low of $3.91 and a high of $12.59 and closed yesterday at $10.47, 168% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.9% while the 200-day MA has slid 0.9%.

The Keyw Holding Corp. provides mission-critical cybersecurity 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 cyberspace.

Keyw Holding Corp (NASDAQ:KEYW) is currently priced 1.5% above its average consensus analyst price target of $10.31. Keyw Holding Corp shares have support at the 50-day moving average (MA) of $6.74 and additional support at the 200-day MA of $6.61.

SmarTrend recommended that subscribers consider buying shares of Keyw Holding Corp on February 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.74. Since that recommendation, shares of Keyw Holding Corp have risen 86.4%. 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 corp

Ticker(s): KEYW