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Possible Bearish Inside Day Candle Pattern Detected for Liberty Trp-A (NASDAQ:LTRPA)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Liberty Trp-A (NASDAQ:LTRPA) based on the price action in the company's shares. Yesterday's price range of $11.49 and $11.69 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 Liberty Trp-A may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Liberty Trp-A has overhead space with shares priced $11.54, or 17.4% below the average consensus analyst price target of $13.98. Liberty Trp-A shares should first meet resistance at the 50-day moving average (MA) of $13.56 and find additional resistance at the 200-day MA of $15.21.

Liberty TripAdvisor Holdings Inc is a diversified holding company incorporated in the United States.

Over the past year, Liberty Trp-A has traded in a range of $10.57 to $20.63 and closed yesterday at $11.54, 9% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has declined 1.2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Liberty Trp-A on December 21st, 2018 by issuing a Downtrend alert when the shares were trading at $15.83. Since that call, shares of Liberty Trp-A have fallen 25.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: bearish am inside day candle liberty trp-a

Ticker(s): LTRPA