SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Smith & Nephew (NYSE:SNN) based on the price action in the company's shares. Today's price range of $47.85 and $48.22 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 Smith & Nephew may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Smith & Nephew (NYSE:SNN) has potential upside of 5.1% based on a current price of $48.08 and analysts' consensus price target of $50.51. Smith & Nephew shares should encounter resistance at the 200-day moving average (MA) of $49.30 and support at the 50-day MA of $46.09.

Smith & Nephew plc develops and markets advanced medical devices. The Group is involved in orthopaedics, endoscopy, and advanced wound management.

In the past 52 weeks, shares of Smith & Nephew have traded between a low of $42.07 and a high of $60.35 and are now at $48.08, which is 14% above that low price. The 200-day and 50-day moving averages have moved 0.39% lower and 0.66% higher over the past week, respectively.

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