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Possible Bullish Inside Day Candle Pattern Detected for Kilroy Realty (NYSE:KRC)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Kilroy Realty (NYSE:KRC) based on the price action in the company's shares. Yesterday's price range of $66.12 and $67.06 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 Kilroy Realty may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Kilroy Realty has overhead space with shares priced $66.89, or 15.1% below the average consensus analyst price target of $78.77. The stock should discover initial support at its 200-day moving average (MA) of $63.08 and subsequent support at its 50-day MA of $60.48.

Kilroy Realty Corporation is a real estate investment trust engaged in the ownership, acquisition, development and operation of Class A office properties located in California and Washington.

Kilroy Realty share prices have moved between a 52-week high of $78.33 and a 52-week low of $61.60 and closed yesterday at 9% above that low price at $66.89 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.6%.

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

Keywords: bullish am inside day candle kilroy realty

Ticker(s): KRC