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Possible Bearish Inside Day Candle Pattern Detected for Twenty-First C-A (NASDAQ:FOXA)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Twenty-First C-A (NASDAQ:FOXA) based on the price action in the company's shares. Today's price range of $35.66 and $36.17 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 C-A may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

In the past 52 weeks, Twenty-First C-A share prices have been bracketed by a low of $29.70 and a high of $51.99 and are now at $36.13, 22% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.2%.

Twenty-First C-A has overhead space with shares priced $36.13, or 11.4% below the average consensus analyst price target of $40.77. The stock should hit resistance at its 200-day moving average (MA) of $37.33, as well as support at its 50-day MA of $32.55.

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.

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

Keywords: bearish inside day candle twenty-first c-a

Ticker(s): FOXA