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

By David Diaz

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. Yesterday's price range of $31.04 and $31.43 is within the prior day'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, shares of Twenty-First C-A have traded between a low of $29.70 and a high of $51.99 and closed yesterday at $31.39, which is 6% above that low price. The 200-day and 50-day moving averages have moved 0.62% lower and 1.05% lower over the past week, respectively.

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 29.9% for shares of Twenty-First C-A based on a current price of $31.39 and an average consensus analyst price target of $40.77. Twenty-First C-A shares should first meet resistance at the 50-day moving average (MA) of $32.89 and find additional resistance at the 200-day MA of $39.32.

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

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

Ticker(s): FOXA