• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Davita Inc (NYSE:DVA)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Davita Inc (NYSE:DVA) based on the price action in the company's shares. Yesterday's price range of $56.18 and $57.00 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 Davita 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.

Davita Inc (NYSE:DVA) has potential upside of 45.0% based on a current price of $56.58 and analysts' consensus price target of $82.06. The stock should discover initial support at its 50-day moving average (MA) of $56.21 and subsequent support at its 200-day MA of $55.80.

DaVita Inc. provides kidney dialysis services for patients suffering from chronic kidney failure or end stage renal disease (ESRD). The company operates kidney dialysis centers and provides related lab services in outpatient dialysis centers.

In the past 52 weeks, Davita Inc share prices have been bracketed by a low of $43.40 and a high of $79.11 and closed yesterday at $56.58, 30% above that low price. The 200-day and 50-day moving averages have moved 0.26% lower and 1.02% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Davita Inc and will alert subscribers who have DVA in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle davita inc

Ticker(s): DVA