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Possible Bearish Inside Day Candle Pattern Detected for Lennox Intl Inc (NYSE:LII)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Lennox Intl Inc (NYSE:LII) based on the price action in the company's shares. Yesterday's price range of $252.22 and $252.22 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 Lennox Intl Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Lennox International Inc. provides climate control solutions. The Company designs, manufactures, and markets heating, ventilation, air conditioning, and refrigeration equipment. Lennox markets its products worldwide.

In the past 52 weeks, Lennox Intl Inc share prices have been bracketed by a low of $177.36 and a high of $252.86 and closed yesterday at $252.82, 43% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.9%.

Lennox Intl Inc (NYSE:LII) is currently priced 15.1% above its average consensus analyst price target of $214.73. The stock should discover initial support at its 50-day moving average (MA) of $236.89 and subsequent support at its 200-day MA of $219.12.

SmarTrend recommended that subscribers consider buying shares of Lennox Intl Inc on January 9th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $224.21. Since that recommendation, shares of Lennox Intl Inc have risen 12.5%. We continue to monitor LII for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish am inside day candle lennox intl inc

Ticker(s): LII