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Possible Bearish Inside Day Candle Pattern Detected for Natera Inc (NASDAQ:NTRA)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Natera Inc (NASDAQ:NTRA) based on the price action in the company's shares. Yesterday's price range of $18.52 and $19.82 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 Natera Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Natera Inc share prices have moved between a 52-week high of $29.62 and a 52-week low of $8.60 and closed yesterday at 120% above that low price at $18.92 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 2.6%.

Natera Inc (NASDAQ:NTRA) is currently priced 19.4% above its average consensus analyst price target of $15.25. The stock should find initial support at its 200-day moving average (MA) of $18.77 and further support at its 50-day MA of $14.79.

Natera, Inc. operates as a diagnostics company. The Company provides preconception and prenatal genetic testing services. Natera also offers pre-implantation genetic diagnosis, aneuploidy screening, translocation, and single gene testing services.

SmarTrend recommended that subscribers consider buying shares of Natera Inc on February 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.87. Since that recommendation, shares of Natera Inc have risen 33.4%. We continue to monitor NTRA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish am inside day candle natera inc

Ticker(s): NTRA