• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Lincoln Natl Crp (NYSE:LNC)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Lincoln Natl Crp (NYSE:LNC) based on the price action in the company's shares. Yesterday's price range of $62.29 and $63.30 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 Lincoln Natl Crp may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

In the past 52 weeks, Lincoln Natl Crp share prices have been bracketed by a low of $48.07 and a high of $71.27 and closed yesterday at $62.99, 31% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

Lincoln Natl Crp (NYSE:LNC) has potential upside of 33.1% based on a current price of $62.99 and analysts' consensus price target of $83.86. The stock should hit resistance at its 50-day moving average (MA) of $63.68, as well as support at its 200-day MA of $61.97.

Lincoln National Corporation is a financial services company headquartered in Radnor, PA, marketed as Lincoln Financial Group. The Company offers diverse solutions including annuities, life, group life, disability and dental insurance, employer-sponsored retirement plans, savings plans, and comprehensive financial planning and advisory services.

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

Keywords: bearish am inside day candle lincoln natl crp

Ticker(s): LNC