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

By Shiri Gupta

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 $76.42 and $76.87 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.

There is potential upside of 3.7% for shares of Kilroy Realty based on a current price of $76.27 and an average consensus analyst price target of $79.09. The stock should find initial support at its 50-day moving average (MA) of $75.78 and further support at its 200-day MA of $71.41.

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 $78.21 and a 52-week low of $59.05 and closed yesterday at 29% above that low price at $76.27 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

SmarTrend recommended that subscribers consider buying shares of Kilroy Realty on January 8th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.35. Since that recommendation, shares of Kilroy Realty have risen 18.5%. We continue to monitor KRC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bullish am inside day candle kilroy realty

Ticker(s): KRC