• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Evercore Partn-A (NYSE:EVR)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Evercore Partn-A (NYSE:EVR) based on the price action in the company's shares. Yesterday's price range of $81.06 and $82.18 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 Evercore Partn-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.

Evercore Partners Inc. is an investment banking boutique. The Firm provides advisory services to multinational corporations on mergers, acquisitions, divestitures, restructurings and other corporate transactions. Evercore also manages private equity funds for institutional investors.

Evercore Partn-A share prices have moved between a 52-week high of $117.49 and a 52-week low of $64.37 and closed yesterday at 28% above that low price at $82.11 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has slid 0.9%.

Evercore Partn-A (NYSE:EVR) has potential upside of 33.6% based on a current price of $82.11 and analysts' consensus price target of $109.71. The stock should find initial resistance at its 200-day moving average (MA) of $89.99 and further resistance at its 50-day MA of $91.01.

SmarTrend is tracking the current trend status for Evercore Partn-A and will alert subscribers who have EVR in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle evercore partn-a

Ticker(s): EVR