• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Quinstreet Inc (NASDAQ:QNST)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Quinstreet Inc (NASDAQ:QNST) based on the price action in the company's shares. Yesterday's price range of $18.56 and $18.90 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 Quinstreet Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

QuinStreet Inc. specializes in vertical marketing and media on the internet. The Company focuses on clients in the education and financial services industries, as well as has a presence in the home services, business-to-business, and healthcare industries.

Quinstreet Inc share prices have moved between a 52-week high of $19.18 and a 52-week low of $8.52 and closed yesterday at 118% above that low price at $18.55 per share. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.7%.

Quinstreet Inc (NASDAQ:QNST) is currently priced 26.3% above its average consensus analyst price target of $13.67. The stock should discover initial support at its 50-day moving average (MA) of $16.34 and subsequent support at its 200-day MA of $14.31.

SmarTrend recommended that subscribers consider buying shares of Quinstreet Inc on December 4th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.17. Since that recommendation, shares of Quinstreet Inc have risen 17.7%. We continue to monitor QNST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish am inside day candle quinstreet inc

Ticker(s): QNST