Possible Bullish Inside Day Candle Pattern Detected for Boston Properties (NYSE:BXP)
SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Boston Properties (NYSE:BXP) based on the price action in the company's shares. Today's price range of $127.49 and $128.29 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 Boston Properties may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.
In the past 52 weeks, shares of Boston Properties have traded between a low of $94.91 and a high of $144.02 and are now at $127.93, which is 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has remained constant.
Potential upside of 11.6% exists for Boston Properties, based on a current level of $127.93 and analysts' average consensus price target of $142.76. The stock should find initial support at its 50-day moving average (MA) of $125.28 and further support at its 200-day MA of $121.71.
Boston Properties, Inc. is a real estate investment trust. The trust owns, manages, and develops office properties in the United States, with a significant presence in Boston, Washington, D.C., Midtown Manhattan and San Francisco.
SmarTrend is monitoring the recent change of momentum in Boston Properties. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Boston Properties in search of a potential trend change.
Keywords: bullish inside day candle boston properties