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

By Nick Russo

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 $25.80 and $26.01 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.

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.

Hilltop Holdings (NYSE:HTH) has potential upside of 18.5% based on a current price of $25.85 and analysts' consensus price target of $30.62. The stock should discover initial support at its 200-day moving average (MA) of $19.44 and subsequent support at its 50-day MA of $18.85.

Hilltop Holdings share prices have moved between a 52-week high of $30.60 and a 52-week low of $19.17 and closed yesterday at 35% above that low price at $25.85 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.5%.

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

Keywords: bullish am inside day candle hilltop holdings

Ticker(s): HTH