• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Carlisle Cos Inc (NYSE:CSL)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Carlisle Cos Inc (NYSE:CSL) based on the price action in the company's shares. Yesterday's price range of $154.66 and $156.05 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 Carlisle Cos 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.

Carlisle Cos Inc share prices have moved between a 52-week high of $163.42 and a 52-week low of $93.01 and closed yesterday at 68% above that low price at $155.95 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.5%.

Carlisle Cos Inc (NYSE:CSL) is currently priced 19.5% above its average consensus analyst price target of $125.60. The stock should find initial support at its 50-day moving average (MA) of $150.10 and further support at its 200-day MA of $137.34.

Carlisle Companies Incorporated manufactures and distributes construction materials, transportation products, and general industry products. The Company manufactures a variety of products for the roofing, real estate, construction, trucking, food-service, aircraft manufacturing, lawn and garden, and other industries.

SmarTrend recommended that subscribers consider buying shares of Carlisle Cos Inc on September 12th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $146.76. Since that recommendation, shares of Carlisle Cos Inc have risen 5.1%. We continue to monitor CSL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bullish am inside day candle carlisle cos inc

Ticker(s): CSL