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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 $2.19 and $2.35 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.

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.

Rr Donnelley & S (NYSE:RRD) has potential upside of 445.5% based on a current price of $2.20 and analysts' consensus price target of $12.00. The stock should run into initial resistance at its 50-day moving average (MA) of $3.25 and subsequent resistance at its 200-day MA of $4.71.

In the past 52 weeks, Rr Donnelley & S share prices have been bracketed by a low of $2.04 and a high of $7.28 and closed yesterday at $2.20, 8% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.2% while the 50-day MA has declined 5.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Rr Donnelley & S on March 5th, 2019 by issuing a Downtrend alert when the shares were trading at $4.98. Since that call, shares of Rr Donnelley & S have fallen 52.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: bearish am inside day candle rr donnelley & s

Ticker(s): RRD