• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Hb Fuller Co (NYSE:FUL)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Hb Fuller Co (NYSE:FUL) based on the price action in the company's shares. Yesterday's price range of $47.20 and $47.92 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 Hb Fuller Co may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

H.B. Fuller Company manufactures and markets adhesives, sealants, coatings, paints, and other specialty chemical products worldwide. The Company's products are sold in countries that include North America, Europe, Latin America, the Asia Pacific region, India, the Middle East, and Africa.

In the past 52 weeks, Hb Fuller Co share prices have been bracketed by a low of $39.22 and a high of $52.40 and closed yesterday at $47.80, 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

Potential upside of 23.0% exists for Hb Fuller Co, based on a current level of $47.80 and analysts' average consensus price target of $58.80. The stock should hit resistance at its 50-day moving average (MA) of $49.54, as well as support at its 200-day MA of $47.07.

SmarTrend is tracking the current trend status for Hb Fuller Co and will alert subscribers who have FUL in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle hb fuller co

Ticker(s): FUL