• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Sportsman'S Ware (:SPWH)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Sportsman'S Ware (:SPWH) based on the price action in the company's shares. Today's price range of $4.97 and $5.05 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 Sportsman'S Ware may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Sportsman's Warehouse Holdings Inc. operates as a holding company. The Company, through its subsidiaries, provides sporting goods, sporting equipment, bicycles, footwear, electronics, and apparels. Sportsman's Warehouse distributes its products throughout the United States.

Sportsman'S Ware (:SPWH) has potential upside of 17.1% based on a current price of $5.04 and analysts' consensus price target of $5.90. Sportsman'S Ware shares have support at the 200-day moving average (MA) of $4.59 and additional support at the 50-day MA of $4.08.

In the past 52 weeks, shares of Sportsman'S Ware have traded between a low of $3.41 and a high of $6.69 and are now at $5.04, which is 48% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

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

Keywords: bearish inside day candle :spwh sportsman's ware

Ticker(s): SPWH