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Possible Bearish Inside Day Candle Pattern Detected for National-Cl A (NYSE:NBHC)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in National-Cl A (NYSE:NBHC) based on the price action in the company's shares. Yesterday's price range of $37.03 and $37.31 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 National-Cl A may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

National Bank Holdings Corporation operates as a bank holding company. The Company, through its subsidiaries, provides services through community banking franchises serving the needs of retail and business customers.

National-Cl A (NYSE:NBHC) is currently priced 0.8% above its average consensus analyst price target of $36.75. The stock should discover initial support at its 200-day moving average (MA) of $35.70 and subsequent support at its 50-day MA of $34.47.

In the past 52 weeks, National-Cl A share prices have been bracketed by a low of $29.26 and a high of $41.44 and closed yesterday at $37.05, 27% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

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

Keywords: bearish am inside day candle national-cl a

Ticker(s): NBHC