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Possible Bearish Inside Day Candle Pattern Detected for Virtu Financia-A (NASDAQ:VIRT)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Virtu Financia-A (NASDAQ:VIRT) based on the price action in the company's shares. Today's price range of $30.10 and $30.65 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 Virtu Financia-A may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Based on a current price of $30.15, Virtu Financia-A is currently 11.9% above its average consensus analyst price target of $26.57. Virtu Financia-A shares have support at the 200-day moving average (MA) of $22.42 and additional support at the 50-day MA of $21.79.

Virtu Financia-A share prices have moved between a 52-week high of $37.85 and a 52-week low of $12.35 and are now trading 144% above that low price at $30.15 per share. The 200-day and 50-day moving averages have moved 0.36% lower and 0.46% lower over the past week, respectively.

Virtu Financial, Inc. is a technology-enabled market maker and liquidity provider to the global financial markets. The Company posts two-sided quotes in equities, ETFs, commodities, currencies, options, futures, fixed income, and other securities on various exchanges, markets, and liquidity pools worldwide.

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

Keywords: bearish inside day candle virtu financia-a

Ticker(s): VIRT