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Possible Bearish Inside Day Candle Pattern Detected for Ladder Capital (NYSE:LADR)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Ladder Capital (NYSE:LADR) based on the price action in the company's shares. Yesterday's price range of $16.76 and $16.85 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 Ladder Capital may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Ladder Capital Corp operates as a commercial real estate company. The Company offers commercial mortgage lending, investments in securities secured by first mortgage loans, and investments in selected net leased and other commercial real estate assets. Ladder Capital serves clients in the States of New York, California, and Florida.

In the past 52 weeks, Ladder Capital share prices have been bracketed by a low of $14.75 and a high of $18.82 and closed yesterday at $16.83, 14% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Ladder Capital (NYSE:LADR) is currently priced 2.4% above its average consensus analyst price target of $16.43. The stock should hit resistance at its 200-day moving average (MA) of $16.88, as well as support at its 50-day MA of $16.69.

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

Keywords: bearish am inside day candle ladder capital

Ticker(s): LADR