• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for First Common Fin (NYSE:FCF)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in First Common Fin (NYSE:FCF) based on the price action in the company's shares. Yesterday's price range of $14.12 and $14.26 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 First Common Fin may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

First Commonwealth Financial Corporation is a bank holding company. The Company, through its subsidiaries, provides general banking business and offers a range of financial services including traditional retail banking services, such as savings, time deposits, mortgage, consumer installment, and commercial loans.

First Common Fin share prices have moved between a 52-week high of $14.78 and a 52-week low of $11.33 and closed yesterday at 25% above that low price at $14.16 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has remained constant.

There is potential upside of 16.5% for shares of First Common Fin based on a current price of $14.16 and an average consensus analyst price target of $16.50. The stock should discover initial support at its 50-day moving average (MA) of $13.69 and subsequent support at its 200-day MA of $13.29.

SmarTrend is tracking the current trend status for First Common Fin and will alert subscribers who have FCF in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle first common fin

Ticker(s): FCF