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Possible Bullish Inside Day Candle Pattern Detected for Aimmune Therapeu (NASDAQ:AIMT)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Aimmune Therapeu (NASDAQ:AIMT) based on the price action in the company's shares. Yesterday's price range of $22.41 and $22.94 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 Aimmune Therapeu may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Aimmune Therapeu has overhead space with shares priced $22.77, or 62.3% below the average consensus analyst price target of $60.44. Aimmune Therapeu shares have support at the 200-day moving average (MA) of $21.74 and additional support at the 50-day MA of $20.03.

Aimmune Therapeutics, Inc., a clinical-stage biopharmaceutical company, develops and commercializes product candidates for the treatment of peanut and other food allergies.

Aimmune Therapeu share prices have moved between a 52-week high of $36.12 and a 52-week low of $16.95 and closed yesterday at 34% above that low price at $22.77 per share. The 200-day and 50-day moving averages have moved 0.43% lower and 0.91% higher over the past week, respectively.

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

Keywords: bullish am inside day candle aimmune therapeu

Ticker(s): AIMT