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Possible Bullish Inside Day Candle Pattern Detected for Dsw Inc-Cl A (NYSE:DSW)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Dsw Inc-Cl A (NYSE:DSW) based on the price action in the company's shares. Yesterday's price range of $25.33 and $26.02 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 Dsw Inc-Cl A may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

In the past 52 weeks, shares of Dsw Inc-Cl A have traded between a low of $18.01 and a high of $34.63 and closed yesterday at $26.03, which is 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.4%.

DSW Inc., is a specialty branded footwear retailer operating in the United States. The Company offers a wide selection of brand name and designer dress, casual, and athletic footwear for women and men.

Dsw Inc-Cl A (NYSE:DSW) defies analysts with a current price ($26.03) 12.0% above its average consensus price target of $22.91. The stock should find resistance at its 200-day moving average (MA) of $26.56, as well as support at its 50-day MA of $25.86.

SmarTrend is tracking the current trend status for Dsw Inc-Cl A and will alert subscribers who have DSW in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle dsw inc-cl a

Ticker(s): DSW