• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Accenture Plc-A (NYSE:ACN)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Accenture Plc-A (NYSE:ACN) based on the price action in the company's shares. Yesterday's price range of $183.22 and $185.29 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. Traders and investors interested in shares of Accenture Plc-A may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

In the past 52 weeks, Accenture Plc-A share prices have been bracketed by a low of $132.63 and a high of $202.80 and closed yesterday at $184.34, 39% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.3%.

Accenture Plc-A (NYSE:ACN) is currently priced 8.0% above its average consensus analyst price target of $169.56. The stock should find resistance at its 50-day moving average (MA) of $192.50, as well as support at its 200-day MA of $176.40.

Accenture plc provides consulting, technology, and outsourcing services in Ireland and internationally. Its Communications, Media & Technology segment provides professional services that help clients accelerate and deliver digital transformation, develop industry-specific solutions, and enhance efficiencies and business results for communications, media, high tech, software, and platform companies.

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

Keywords: bullish am inside day candle accenture plc-a

Ticker(s): ACN