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Possible Bullish Inside Day Candle Pattern Detected for Kansas City Southern (NYSE:KSU)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Kansas City Southern (NYSE:KSU) based on the price action in the company's shares. Today's price range of $89.59 and $90.44 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 Kansas City Southern may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Kansas City Southern, through its subsidiary, is the holding company for transportation segment subsidiaries and affiliates. The Company operates a railroad system that provides shippers with rail freight services in commercial and industrial markets of the United States and Mexico.

Kansas City Southern share prices have moved between a 52-week high of $104.74 and a 52-week low of $62.20 and are now trading 44% above that low price at $89.65 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has remained constant.

Potential upside of 11.0% exists for Kansas City Southern, based on a current level of $89.65 and analysts' average consensus price target of $99.56. The stock should find initial support at its 50-day moving average (MA) of $88.55 and further support at its 200-day MA of $86.23.

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

Keywords: bullish inside day candle kansas city southern

Ticker(s): KSU