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Possible Bullish Inside Day Candle Pattern Detected for EI Du Pont de Nemours (NYSE:DD)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in EI Du Pont de Nemours (NYSE:DD) based on the price action in the company's shares. Today's price range of $62.97 and $63.45 is within yesterday'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 EI Du Pont de Nemours 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, EI Du Pont de Nemours share prices have been bracketed by a low of $47.11 and a high of $75.72 and are now at $63.38, 35% above that low price. The 200-day and 50-day moving averages have moved 0.17% higher and 0.65% higher over the past week, respectively.

E. I. du Pont de Nemours and Company is a global chemical and life sciences company, with businesses that include agriculture and industrial biotechnology, chemistry, biology, materials science and manufacturing. The Company operates globally and offers a wide range of products and services for markets including agriculture and food, building and construction, electronics and communications.

EI Du Pont de Nemours (NYSE:DD) has potential upside of 1.6% based on a current price of $63.38 and analysts' consensus price target of $64.39. EI Du Pont de Nemours shares should encounter resistance at the 50-day moving average (MA) of $64.05 and support at its 200-day MA of $59.61.

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

Keywords: bullish inside day candle ei du pont de nemours

Ticker(s): DD