• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Twenty-First - B (NASDAQ:FOX)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Twenty-First - B (NASDAQ:FOX) based on the price action in the company's shares. Today's price range of $36.51 and $36.91 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 Twenty-First - B may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Twenty-First Century Fox, Inc. is a diversified media company. The Company's media and entertainment operations include the production and distribution motion pictures and television programming, music, radio broadcasting, and sports.

There is potential upside of 17.5% for shares of Twenty-First - B based on a current price of $36.59 and an average consensus analyst price target of $43.00. The stock should find initial resistance at its 50-day moving average (MA) of $45.09 and further resistance at its 200-day MA of $46.20.

In the past 52 weeks, Twenty-First - B share prices have been bracketed by a low of $35.21 and a high of $51.88 and are now at $36.59, 4% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 2.7%.

SmarTrend is tracking the current trend status for Twenty-First - B and will alert subscribers who have FOX in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle twenty-first - b

Ticker(s): FOX