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Possible Bullish Inside Day Candle Pattern Detected for Bank Of Hawaii (NYSE:BOH)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Bank Of Hawaii (NYSE:BOH) based on the price action in the company's shares. Yesterday's price range of $86.85 and $87.90 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 Bank Of Hawaii may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Bank of Hawaii Corporation is a regional financial services holding company with locations throughout the Pacific. The Company and its subsidiaries offers a wide range of financial services to businesses, governments, and individuals in Hawaii, the West Pacific, and American Samoa. Bank of Hawaii provides services such as commercial banking, investment and trust services, and mortgages.

In the past 52 weeks, shares of Bank Of Hawaii have traded between a low of $64.96 and a high of $90.80 and closed yesterday at $87.54, which is 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

Bank Of Hawaii (NYSE:BOH) defies analysts with a current price ($87.54) 2.8% above its average consensus price target of $85.11. The stock should find initial support at its 50-day moving average (MA) of $67.56 and further support at its 200-day MA of $64.77.

SmarTrend recommended that subscribers consider buying shares of Bank Of Hawaii on November 28th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $81.88. Since that recommendation, shares of Bank Of Hawaii have risen 5.8%. We continue to monitor BOH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bullish am inside day candle bank of hawaii

Ticker(s): BOH