• Return to Headlines

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 $232.93 and $235.82 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.

Lennox Intl Inc share prices have moved between a 52-week high of $298.49 and a 52-week low of $177.36 and closed yesterday at 32% above that low price at $233.77 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.7%.

Lennox Intl Inc (NYSE:LII) is currently priced 8.1% above its average consensus analyst price target of $214.73. Lennox Intl Inc shares should first meet resistance at the 50-day moving average (MA) of $247.10 and find additional resistance at the 200-day MA of $254.65.

SmarTrend is tracking the current trend status for Lennox Intl Inc and will alert subscribers who have LII in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish am inside day candle lennox intl inc

Ticker(s): LII