• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Clean Harbors (NYSE:CLH)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Clean Harbors (NYSE:CLH) based on the price action in the company's shares. Yesterday's price range of $49.35 and $50.45 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 Clean Harbors may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Clean Harbors, Inc. provides a variety of environmental remediation and industrial waste management services to customers in the United States and Puerto Rico. The Company's services include treatment and disposal of hazardous and non-hazardous solid and liquid waste, surface remediation, groundwater restoration, waste packaging, as well as analytical testing and consulting.

Clean Harbors share prices have moved between a 52-week high of $57.86 and a 52-week low of $37.09 and closed yesterday at 35% above that low price at $50.19 per share. The 200-day and 50-day moving averages have moved 0.14% lower and 1.08% higher over the past week, respectively.

Clean Harbors (NYSE:CLH) has potential upside of 6.3% based on a current price of $50.19 and analysts' consensus price target of $53.36. The stock should find initial support at its 50-day moving average (MA) of $47.50 and further support at its 200-day MA of $45.58.

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

Keywords: bullish am inside day candle clean harbors

Ticker(s): CLH