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

By Shiri Gupta

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. Yesterday's price range of $33.37 and $33.97 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 Ncr Corp may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Ncr Corp share prices have moved between a 52-week high of $35.08 and a 52-week low of $20.93 and closed yesterday at 60% above that low price at $33.42 per share. 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 Corp has overhead space with shares priced $33.42, or 15.6% below the average consensus analyst price target of $39.60. The stock should find initial support at its 50-day moving average (MA) of $31.11 and further support at its 200-day MA of $28.72.

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.

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 am inside day candle NCR Corp

Ticker(s): NCR