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Possible Bullish Inside Day Candle Pattern Detected for Hertz Global Hol (NYSE:HTZ)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Hertz Global Hol (NYSE:HTZ) based on the price action in the company's shares. Yesterday's price range of $15.21 and $15.45 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 Hertz Global Hol may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Hertz Global Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, offers renting and leasing of cars from its corporate and franchise locations, as well as maintains separate airport counters, reservations and reservation systems, marketing, and other customer contact activities. Hertz Global Holdings serves clients globally.

Potential upside of 38.4% exists for Hertz Global Hol, based on a current level of $15.29 and analysts' average consensus price target of $21.17. Hertz Global Hol shares should encounter resistance at the 200-day moving average (MA) of $15.72 and support at the 50-day MA of $14.34.

Over the past year, Hertz Global Hol has traded in a range of $11.24 to $21.95 and closed yesterday at $15.29, 36% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Hertz Global Hol and will alert subscribers who have HTZ in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle hertz global hol

Ticker(s): HTZ