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Possible Bullish Inside Day Candle Pattern Detected for Hilltop Holdings (NYSE:HTH)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Hilltop Holdings (NYSE:HTH) based on the price action in the company's shares. Yesterday's price range of $23.27 and $24.10 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 Hilltop Holdings 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 24.2% for shares of Hilltop Holdings based on a current price of $24.00 and an average consensus analyst price target of $29.80. The stock should find initial support at its 200-day moving average (MA) of $19.44 and further support at its 50-day MA of $18.85.

Over the past year, Hilltop Holdings has traded in a range of $19.17 to $30.60 and closed yesterday at $24.00, 25% above that low. The 200-day and 50-day moving averages have moved 0.46% lower and 1.52% higher over the past week, respectively.

Hilltop Holdings Inc. is a diversified financial holding company. The Company's primary subsidiary is a Texas based regional commercial banking franchise. Hilltop's other holdings include a retail mortgage originator, a regional broker dealer and a property and casualty insurance provider.

SmarTrend recommended that its subscribers protect gains by selling shares of Hilltop Holdings on February 5th, 2018 by issuing a Downtrend alert when the shares were trading at $25.15. Since that call, shares of Hilltop Holdings have fallen 8.0%. 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 hilltop holdings

Ticker(s): HTH