• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Nuvasive Inc (NASDAQ:NUVA)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Nuvasive Inc (NASDAQ:NUVA) based on the price action in the company's shares. Today's price range of $51.52 and $52.04 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 Nuvasive Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Nuvasive Inc has overhead space with shares priced $51.67, or 20.4% below the average consensus analyst price target of $64.93. Nuvasive Inc shares have support at the 200-day moving average (MA) of $49.69 and additional support at the 50-day MA of $48.04.

In the past 52 weeks, shares of Nuvasive Inc have traded between a low of $44.62 and a high of $81.68 and are now at $51.67, which is 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has remained constant.

NuVasive, Inc. designs, develops, and markets products for the surgical treatment of spine disorders. The Company's products include maximum access surgery (MAS) and fusion products.

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

Keywords: bearish inside day candle nuvasive inc

Ticker(s): NUVA