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

By Amy Schwartz

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 $49.59 and $49.59 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 $34.12 and a high of $50.15 and are now at $49.59, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.7%.

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.

Twenty-First C-A (NASDAQ:FOXA) is currently priced 17.8% above its average consensus analyst price target of $40.77. Twenty-First C-A shares have support at the 50-day moving average (MA) of $48.77 and additional support at the 200-day MA of $45.49.

SmarTrend recommended that subscribers consider buying shares of Twenty-First C-A on November 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.75. Since that recommendation, shares of Twenty-First C-A have risen 4.0%. We continue to monitor FOXA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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

Ticker(s): FOXA