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

By Amy Schwartz

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 $83.94 and $84.98 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.

Potential upside of 6.7% exists for Bank Of Hawaii, based on a current level of $84.51 and analysts' average consensus price target of $90.21. Bank Of Hawaii shares should encounter resistance at the 50-day moving average (MA) of $85.35 and support at its 200-day MA of $84.23.

In the past 52 weeks, shares of Bank Of Hawaii have traded between a low of $74.72 and a high of $89.09 and closed yesterday at $84.51, which is 13% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Bank Of Hawaii and will alert subscribers who have BOH in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle bank of hawaii

Ticker(s): BOH