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Possible Bullish Inside Day Candle Pattern Detected for Interactive Intelligence (NASDAQ:ININ)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Interactive Intelligence (NASDAQ:ININ) based on the price action in the company's shares. Yesterday's price range of $38.44 and $39.61 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 Interactive Intelligence may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Interactive Intelligence, Inc. is a global provider of unified IP business communications solutions for enterprises and contact centers.

Interactive Intelligence has overhead space with shares priced $38.63, or 25.0% below the average consensus analyst price target of $51.50. Interactive Intelligence shares have support at the 50-day moving average (MA) of $35.05 and additional support at the 200-day MA of $33.03.

In the past 52 weeks, Interactive Intelligence share prices have been bracketed by a low of $20.76 and a high of $81.59 and closed yesterday at $38.63, 86% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.4%.

SmarTrend is monitoring the recent change of momentum in Interactive Intelligence. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Interactive Intelligence in search of a potential trend change.

Keywords: bullish am inside day candle interactive intelligence

Ticker(s): ININ