Possible Bullish Inside Day Candle Pattern Detected for Intersil (NASDAQ:ISIL)
SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Intersil (NASDAQ:ISIL) based on the price action in the company's shares. Today's price range of $12.68 and $13.07 is within yesterday'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 Intersil may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.
Intersil Corporation designs and manufactures high performance analog semiconductors. The Company's products are used in flat panel displays, optical storage, and power management applications.
Over the past year, Intersil has traded in a range of $7.44 to $16.39 and is now at $12.98, 74% above that low. The 200-day and 50-day moving averages have moved 0.03% higher and 0.36% lower over the past week, respectively.
Intersil has overhead space with shares priced $12.98, or 13.1% below the average consensus analyst price target of $14.94. The stock should find resistance at its 50-day moving average (MA) of $12.98, as well as support at its 200-day MA of $12.39.
SmarTrend is tracking the current trend status for Intersil and will alert subscribers who have ISIL in their portfolio or watchlist when shares have changed trend direction.
Keywords: bullish inside day candle intersil