• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Epam Systems Inc (NYSE:EPAM)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Epam Systems Inc (NYSE:EPAM) based on the price action in the company's shares. Yesterday's price range of $172.68 and $175.46 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 Epam Systems 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.

EPAM Systems, Inc. provides software product development and digital platform engineering services primarily in North America, Europe, Asia, and Australia.

In the past 52 weeks, shares of Epam Systems Inc have traded between a low of $104.77 and a high of $180.55 and closed yesterday at $173.48, which is 66% above that low price. The 200-day and 50-day moving averages have moved 0.34% higher and 0.10% higher over the past week, respectively.

Epam Systems Inc (NYSE:EPAM) is currently priced 21.1% above its average consensus analyst price target of $136.82. Epam Systems Inc shares have support at the 50-day moving average (MA) of $172.17 and additional support at the 200-day MA of $146.15.

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

Keywords: bullish am inside day candle epam systems inc

Ticker(s): EPAM