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Possible Bearish Inside Day Candle Pattern Detected for Robert Half Intl (NYSE:RHI)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Robert Half Intl (NYSE:RHI) based on the price action in the company's shares. Yesterday's price range of $66.60 and $66.60 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 Robert Half Intl 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, Robert Half Intl share prices have been bracketed by a low of $52.79 and a high of $79.91 and closed yesterday at $66.69, 26% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

Robert Half International, Inc. provides temporary and permanent staffing services. The Company supplies temporary, full-time, and senior-level project professionals for accounting, finance, office, administrative support, information technology, legal support, marketing, advertising, and public relations sectors.

Robert Half Intl (NYSE:RHI) defies analysts with a current price ($66.69) 9.8% above its average consensus price target of $60.12. Robert Half Intl shares have support at the 200-day moving average (MA) of $66.32 and additional support at the 50-day MA of $63.80.

SmarTrend recommended that subscribers consider buying shares of Robert Half Intl on January 14th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.29. Since that recommendation, shares of Robert Half Intl have risen 14.3%. We continue to monitor RHI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish am inside day candle robert half intl

Ticker(s): RHI