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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. Yesterday's price range of $31.81 and $33.43 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 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.

AerCap Holdings (NYSE:AER) has potential upside of 80.5% based on a current price of $32.14 and analysts' 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.

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.

In the past 52 weeks, shares of AerCap Holdings have traded between a low of $24.61 and a high of $51.50 and closed yesterday at $32.14, which is 31% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.4%.

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 am inside day candle aercap holdings

Ticker(s): AER