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Possible Bullish Inside Day Candle Pattern Detected for Federated Investors (NYSE:FII)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Federated Investors (NYSE:FII) based on the price action in the company's shares. Yesterday's price range of $26.88 and $27.45 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 Federated Investors 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, Federated Investors share prices have been bracketed by a low of $22.76 and a high of $35.75 and closed yesterday at $27.45, 21% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.5%.

Federated Investors, Inc. provides investment management products and related financial services. The Company sponsors, markets and provides investment-related services to various investment products, including mutual funds and Separate Accounts (which include separately managed accounts, institutional accounts, sub-advised funds and other managed products).

Federated Investors has overhead space with shares priced $27.45, or 16.3% below the average consensus analyst price target of $32.78. Federated Investors shares should first meet resistance at the 50-day moving average (MA) of $29.09 and find additional resistance at the 200-day MA of $29.39.

SmarTrend recommended that its subscribers protect gains by selling shares of Federated Investors on May 4th, 2016 by issuing a Downtrend alert when the shares were trading at $30.08. Since that call, shares of Federated Investors have fallen 11.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: bullish am inside day candle federated investors

Ticker(s): FII