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Possible Bearish Inside Day Candle Pattern Detected for Seaworld Enterta (NYSE:SEAS)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Seaworld Enterta (NYSE:SEAS) based on the price action in the company's shares. Today's price range of $27.30 and $27.30 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 Seaworld Enterta may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Over the past year, Seaworld Enterta has traded in a range of $15.75 to $32.47 and is now at $27.30, 73% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.4%.

SeaWorld Entertainment, Inc., together with its subsidiaries, operates as a theme park and entertainment company in the United States.

Seaworld Enterta (NYSE:SEAS) is currently priced 36.6% above its average consensus analyst price target of $17.30. Seaworld Enterta shares have support at the 200-day moving average (MA) of $26.28 and additional support at the 50-day MA of $25.26.

SmarTrend recommended that subscribers consider buying shares of Seaworld Enterta on January 16th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.96. Since that recommendation, shares of Seaworld Enterta have risen 8.1%. We continue to monitor SEAS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish inside day candle seaworld enterta

Ticker(s): SEAS