• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for AerCap Holdings (NYSE:AER)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in AerCap Holdings (NYSE:AER) based on the price action in the company's shares. Today's price range of $32.24 and $33.43 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. Traders and investors interested in shares of AerCap Holdings 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, AerCap Holdings share prices have been bracketed by a low of $24.61 and a high of $51.50 and are now at $33.00, 34% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.4%.

AerCap Holdings NV is an integrated global aviation company. The Company offers aircraft and engine leasing, trading and parts sales as as well as aircraft management services aircraft and engine maintenance, repair and overhaul, or MRO, services and aircraft disassemblies through certified repair stations.

Potential upside of 75.8% exists for AerCap Holdings, based on a current level of $33.00 and analysts' average consensus price target of $58.00. The stock should run into initial resistance at its 50-day moving average (MA) of $38.53 and subsequent resistance at its 200-day MA of $39.76.

SmarTrend recommended that its subscribers protect gains by selling shares of AerCap Holdings on May 12th, 2016 by issuing a Downtrend alert when the shares were trading at $38.47. Since that call, shares of AerCap Holdings have fallen 18.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: bullish inside day candle aercap holdings

Ticker(s): AER