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Possible Bullish Inside Day Candle Pattern Detected for Intl Speedway-A (NASDAQ:ISCA)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Intl Speedway-A (NASDAQ:ISCA) based on the price action in the company's shares. Yesterday's price range of $42.08 and $42.34 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 Intl Speedway-A may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

International Speedway Corporation, together with its subsidiaries, promotes motorsports themed entertainment activities in the United States. Its motorsports themed event operations consist principally of racing events at its motorsports entertainment facilities, which promote approximately 100 stock car, open wheel, sports car, truck, motorcycle, and other racing events.

Over the past year, Intl Speedway-A has traded in a range of $35.12 to $49.95 and closed yesterday at $42.17, 20% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

Intl Speedway-A (NASDAQ:ISCA) is currently priced 0.4% above its average consensus analyst price target of $42.00. Intl Speedway-A shares should first meet resistance at the 200-day moving average (MA) of $42.74 and find additional resistance at the 50-day MA of $43.42.

SmarTrend is tracking the current trend status for Intl Speedway-A and will alert subscribers who have ISCA in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle intl speedway-a

Ticker(s): ISCA