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Possible Bullish Inside Day Candle Pattern Detected for Agilent Tech Inc (NYSE:A)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Agilent Tech Inc (NYSE:A) based on the price action in the company's shares. Yesterday's price range of $72.64 and $73.84 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 Agilent Tech Inc may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Agilent Tech Inc (NYSE:A) has potential upside of 3.0% based on a current price of $73.47 and analysts' consensus price target of $75.65. The stock should hit resistance at its 200-day moving average (MA) of $73.81, as well as support at its 50-day MA of $72.62.

Agilent Technologies, Inc. provides application focused solutions to the life sciences, diagnostics, and applied chemical markets worldwide. It operates in three segments: Life Sciences and Applied Markets, Diagnostics and Genomics, and Agilent CrossLab.

In the past 52 weeks, Agilent Tech Inc share prices have been bracketed by a low of $61.01 and a high of $82.27 and closed yesterday at $73.47, 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

SmarTrend is tracking the current trend status for Agilent Tech Inc and will alert subscribers who have A in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle agilent tech inc

Ticker(s): A