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Possible Bullish Inside Day Candle Pattern Detected for Aon Plc (NYSE:AON)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Aon Plc (NYSE:AON) based on the price action in the company's shares. Yesterday's price range of $187.44 and $191.17 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 Aon Plc may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Aon Plc (NYSE:AON) is currently priced 19.6% above its average consensus analyst price target of $151.50. The stock should find resistance at its 50-day moving average (MA) of $193.13, as well as support at its 200-day MA of $174.58.

Aon PLC is a professional services provider. The Company is comprised of risk and insurance brokerage consulting. Aon's services include helping manage risk for clients, negotiating and placing insurance risk with other carriers, and advising clients related to health and benefits, retirement, compensation, strategic human capital, and human resource outsourcing.

Aon Plc share prices have moved between a 52-week high of $198.61 and a 52-week low of $135.30 and closed yesterday at 39% above that low price at $188.38 per share. The 200-day and 50-day moving averages have moved 0.36% higher and 0.11% higher over the past week, respectively.

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

Keywords: bullish am inside day candle aon plc

Ticker(s): AON