Possible Bullish Inside Day Candle Pattern Detected for BE Aerospace (NASDAQ:BEAV)
SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in BE Aerospace (NASDAQ:BEAV) based on the price action in the company's shares. Today's price range of $42.85 and $43.85 is within yesterday'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 BE Aerospace may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.
Potential upside of 30.9% exists for BE Aerospace, based on a current level of $43.59 and analysts' average consensus price target of $57.07. The stock should find initial resistance at its 200-day moving average (MA) of $45.51 and further resistance at its 50-day MA of $46.84.
BE Aerospace, Inc. manufactures interior products for commercial and general aviation aircraft cabins. The Company serves major airlines and various general aviation customers and airframe manufacturers. Products include a variety of aircraft seating products, food and beverage preparation and storage equipment, cabin interior structures, and oxygen delivery systems.
BE Aerospace share prices have moved between a 52-week high of $61.76 and a 52-week low of $36.38 and are now trading 20% above that low price at $43.59 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.1%.
SmarTrend is monitoring the recent change of momentum in BE Aerospace. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of BE Aerospace in search of a potential trend change.
Keywords: bullish inside day candle BE Aerospace