• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Iron Mountain (NYSE:IRM)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Iron Mountain (NYSE:IRM) based on the price action in the company's shares. Today's price range of $39.33 and $39.79 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 Iron Mountain may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Iron Mountain Incorporated provides records and information management services to customers in North America, Europe, Latin America and Asia Pacific. The Company offers records management services for both physical and digital media, disaster recovery support services, and consulting.

In the past 52 weeks, shares of Iron Mountain have traded between a low of $23.64 and a high of $40.61 and are now at $39.48, which is 67% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.9% while the 200-day MA has risen 0.4%.

Iron Mountain (NYSE:IRM) is currently priced 1.2% above its average consensus analyst price target of $39.00. The stock should find initial support at its 50-day moving average (MA) of $33.09 and further support at its 200-day MA of $29.83.

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

Keywords: bullish inside day candle Iron Mountain

Ticker(s): IRM