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Possible Bearish Inside Day Candle Pattern Detected for Werner Ent (NASDAQ:WERN)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Werner Ent (NASDAQ:WERN) based on the price action in the company's shares. Today's price range of $33.28 and $33.29 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 Werner Ent may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Werner Ent (NASDAQ:WERN) has potential upside of 25.0% based on a current price of $33.29 and analysts' consensus price target of $41.60. The stock should find initial resistance at its 200-day moving average (MA) of $34.00 and further resistance at its 50-day MA of $34.08.

Werner Enterprises, Inc. is a transportation company that primarily hauls truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates in the continental United States, as well as in Canada and Mexico.

Werner Ent share prices have moved between a 52-week high of $43.95 and a 52-week low of $28.67 and are now trading 16% above that low price at $33.29 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.2%.

SmarTrend is tracking the current trend status for Werner Ent and will alert subscribers who have WERN in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle werner ent

Ticker(s): WERN