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Possible Bullish Inside Day Candle Pattern Detected for DST Systems (NYSE:DST)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in DST Systems (NYSE:DST) based on the price action in the company's shares. Yesterday's price range of $117.95 and $119.00 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 DST Systems may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

DST Systems, Inc. provides information processing and computer software services and products. The Company's operating segments include financial services, customer management, and output solutions. DST's data center provides information-processing services to support the products within each operating segment.

There is potential upside of 8.5% for shares of DST Systems based on a current price of $118.56 and an average consensus analyst price target of $128.60. The stock should discover initial support at its 50-day moving average (MA) of $112.30 and subsequent support at its 200-day MA of $111.14.

In the past 52 weeks, shares of DST Systems have traded between a low of $94.52 and a high of $134.65 and closed yesterday at $118.56, which is 25% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of DST Systems on November 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $104.06. Since that recommendation, shares of DST Systems have risen 13.9%. We continue to monitor DST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bullish am inside day candle dst systems

Ticker(s): DST