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Possible Bearish Inside Day Candle Pattern Detected for Rr Donnelley & S (NYSE:RRD)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Rr Donnelley & S (NYSE:RRD) based on the price action in the company's shares. Yesterday's price range of $4.74 and $4.83 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 Rr Donnelley & S 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, Rr Donnelley & S share prices have been bracketed by a low of $3.49 and a high of $9.56 and closed yesterday at $4.74, 36% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has slid 0.6%.

Rr Donnelley & S has overhead space with shares priced $4.74, or 60.5% below the average consensus analyst price target of $12.00. Rr Donnelley & S shares should first meet resistance at the 50-day moving average (MA) of $5.23 and find additional resistance at the 200-day MA of $5.32.

R. R. Donnelley & Sons Company provides commercial printing and information services. The Company provides solutions that include commercial printing, direct mail, financial printing, print fulfillment, labels, forms, logistics, call centers, transactional print-and-mail, print management, online services, digital photography, color services, and content and database management.

SmarTrend is tracking the current trend status for Rr Donnelley & S and will alert subscribers who have RRD in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish am inside day candle rr donnelley & s

Ticker(s): RRD