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Possible Bullish Inside Day Candle Pattern Detected for Dht Holdings Inc (NYSE:DHT)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Dht Holdings Inc (NYSE:DHT) based on the price action in the company's shares. Yesterday's price range of $4.53 and $4.65 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 Dht Holdings 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.

DHT Holdings, Inc. is an independent crude oil tanker company. The company provides transportation services to oil companies and trades internationally with a fleet of crude oil tankers in the VLCC, Aframax, and Suezmax segments.

Dht Holdings Inc (NYSE:DHT) has potential upside of 13.4% based on a current price of $4.57 and analysts' consensus price target of $5.18. The stock should find resistance at its 50-day moving average (MA) of $4.81, as well as support at its 200-day MA of $4.29.

Dht Holdings Inc share prices have moved between a 52-week high of $5.60 and a 52-week low of $3.27 and closed yesterday at 40% above that low price at $4.57 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

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

Keywords: bullish am inside day candle dht holdings inc

Ticker(s): DHT