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Possible Bearish Inside Day Candle Pattern Detected for Ncr Corp (NYSE:NCR)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Ncr Corp (NYSE:NCR) based on the price action in the company's shares. Today's price range of $33.79 and $33.93 is within yesterday'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 Ncr Corp 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, shares of Ncr Corp have traded between a low of $20.93 and a high of $35.08 and are now at $33.79, which is 61% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.3%.

NCR Corporation manufactures financial transaction machines and other products. The Company produces automated teller machines (ATM), self-checkout and self-service kiosks, point-of-sale workstations and scanners; manufactures printer consumable products; and manages networks and servers for ATMs and kiosks.

Ncr Corp has overhead space with shares priced $33.79, or 14.7% below the average consensus analyst price target of $39.60. The stock should discover initial support at its 50-day moving average (MA) of $31.11 and subsequent support at its 200-day MA of $28.72.

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

Keywords: bearish inside day candle NCR Corp

Ticker(s): NCR