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Possible Bullish Inside Day Candle Pattern Detected for Ca Inc (NASDAQ:CA)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Ca Inc (NASDAQ:CA) based on the price action in the company's shares. Yesterday's price range of $33.56 and $34.20 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 Ca Inc 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 Ca Inc have traded between a low of $30.01 and a high of $37.25 and closed yesterday at $34.15, which is 14% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

CA, Inc. designs, develops, markets, licenses, and supports standardized computer software products. The Company's products are used with mainframe computers and in client/server environments. CA offers various enterprise systems management, information management, and business applications solutions to a variety of organizations.

Ca Inc has overhead space with shares priced $34.15, or 2.2% below the average consensus analyst price target of $34.91. The stock should discover initial support at its 50-day moving average (MA) of $30.23 and subsequent support at its 200-day MA of $28.55.

SmarTrend is monitoring the recent change of momentum in Ca Inc. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Ca Inc in search of a potential trend change.

Keywords: bullish am inside day candle ca inc

Ticker(s): CA