Possible Bullish Inside Day Candle Pattern Detected for Brandywine Realty Trust (NYSE:BDN)
SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Brandywine Realty Trust (NYSE:BDN) based on the price action in the company's shares. Today's price range of $16.37 and $16.48 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 Brandywine Realty Trust may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.
Brandywine Realty Trust (NYSE:BDN) is currently priced 5.5% above its average consensus analyst price target of $15.50. The stock should find initial support at its 50-day moving average (MA) of $13.85 and further support at its 200-day MA of $13.16.
Brandywine Realty Trust share prices have moved between a 52-week high of $16.86 and a 52-week low of $11.22 and are now trading 46% above that low price at $16.41 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.7%.
Brandywine Realty Trust is a self-administered, self-managed and fully integrated real estate investment trust. The Company is engaged in the ownership, management, leasing, acquisition, and development of primarily suburban office properties. It also owns an interest in and operates a commercial real estate management services company.
SmarTrend recommended that subscribers consider buying shares of Brandywine Realty Trust on March 2nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.88. Since that recommendation, shares of Brandywine Realty Trust have risen 26.4%. We continue to monitor BDN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: bullish inside day candle brandywine realty trust