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Possible Bearish Inside Day Candle Pattern Detected for Vitamin Shoppe (NYSE:VSI)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Vitamin Shoppe (NYSE:VSI) based on the price action in the company's shares. Today's price range of $6.41 and $6.42 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 Vitamin Shoppe may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Vitamin Shoppe, Inc., through its subsidiaries, operates as a omni-channel specialty retailer and contract manufacturer of nutritional products in the United States and internationally.

Vitamin Shoppe share prices have moved between a 52-week high of $13.95 and a 52-week low of $3.32 and are now trading 93% above that low price at $6.42 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 3.5%.

Vitamin Shoppe (NYSE:VSI) is currently priced 42.6% above its average consensus analyst price target of $3.69. The stock should discover initial support at its 200-day moving average (MA) of $5.63 and subsequent support at its 50-day MA of $4.30.

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

Keywords: bearish inside day candle Vitamin Shoppe

Ticker(s): VSI