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Possible Bearish Inside Day Candle Pattern Detected for Sabre Corp (NASDAQ:SABR)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Sabre Corp (NASDAQ:SABR) based on the price action in the company's shares. Today's price range of $25.83 and $26.02 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 Sabre Corp may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Sabre Corporation provides technology solutions to the global travel and tourism industry. The Company offers tours and travel services, as well as, online reservations for airlines, hotels, cruises, car rental companies, and vacation packages.

In the past 52 weeks, Sabre Corp share prices have been bracketed by a low of $17.91 and a high of $26.78 and are now at $26.00, 45% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.

Sabre Corp (NASDAQ:SABR) is currently priced 0.0% above its average consensus analyst price target of $26.00. The stock should discover initial support at its 50-day moving average (MA) of $24.75 and subsequent support at its 200-day MA of $24.17.

SmarTrend is tracking the current trend status for Sabre Corp and will alert subscribers who have SABR in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle sabre corp

Ticker(s): SABR