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Possible Bullish Inside Day Candle Pattern Detected for Fulton Financial (NASDAQ:FULT)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Fulton Financial (NASDAQ:FULT) based on the price action in the company's shares. Yesterday's price range of $17.45 and $18.15 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 Fulton Financial may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

There is potential upside of 6.5% for shares of Fulton Financial based on a current price of $18.15 and an average consensus analyst price target of $19.33. Fulton Financial shares have support at the 50-day moving average (MA) of $13.48 and additional support at the 200-day MA of $12.99.

In the past 52 weeks, shares of Fulton Financial have traded between a low of $12.66 and a high of $19.90 and closed yesterday at $18.15, which is 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has remained constant.

Fulton Financial Corporation is a multi-bank holding company. The Banks offer a full range of general retail and commercial banking services, including deposits, loans, equipment leasing and financing, and credit cards. Fulton operates in Pennsylvania, Maryland, Delaware, and New Jersey.

SmarTrend is tracking the current trend status for Fulton Financial and will alert subscribers who have FULT in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle fulton financial

Ticker(s): FULT