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Possible Bearish Inside Day Candle Pattern Detected for Kilroy Realty (NYSE:KRC)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Kilroy Realty (NYSE:KRC) based on the price action in the company's shares. Yesterday's price range of $71.94 and $72.70 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 Kilroy Realty may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Kilroy Realty share prices have moved between a 52-week high of $78.33 and a 52-week low of $61.60 and closed yesterday at 17% above that low price at $72.12 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.6%.

Kilroy Realty Corporation is a real estate investment trust engaged in the ownership, acquisition, development and operation of Class A office properties located in California and Washington.

Potential upside of 9.2% exists for Kilroy Realty, based on a current level of $72.12 and analysts' average consensus price target of $78.77. The stock should discover initial support at its 200-day moving average (MA) of $63.08 and subsequent support at its 50-day MA of $60.48.

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

Keywords: bearish am inside day candle kilroy realty

Ticker(s): KRC