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

By David Diaz

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 $88.06 and $88.91 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.

Potential upside of 12.7% exists for Kansas City Southern, based on a current level of $88.31 and analysts' average consensus price target of $99.56. Kansas City Southern shares should encounter resistance at the 50-day moving average (MA) of $88.55 and support at its 200-day MA of $86.23.

In the past 52 weeks, Kansas City Southern share prices have been bracketed by a low of $62.20 and a high of $104.74 and are now at $88.31, 42% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

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.

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