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

By James Quinn

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 $23.55 and $23.62 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 Corp share prices have moved between a 52-week high of $26.62 and a 52-week low of $19.41 and are now trading 21% above that low price at $23.57 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.3%.

Sabre Corp has overhead space with shares priced $23.57, or 9.3% below the average consensus analyst price target of $26.00. The stock should find resistance at its 50-day moving average (MA) of $23.61, as well as support at its 200-day MA of $22.54.

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.

SmarTrend is monitoring the recent change of momentum in Sabre Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sabre Corp in search of a potential trend change.

Keywords: bearish inside day candle sabre corp

Ticker(s): SABR