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Possible Bullish Inside Day Candle Pattern Detected for Kite Realty Grou (NYSE:KRG)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Kite Realty Grou (NYSE:KRG) based on the price action in the company's shares. Yesterday's price range of $16.27 and $16.31 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 Kite Realty Grou may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

In the past 52 weeks, Kite Realty Grou share prices have been bracketed by a low of $13.66 and a high of $17.75 and closed yesterday at $16.28, 19% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has remained constant.

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences.

Kite Realty Grou has overhead space with shares priced $16.28, or 9.6% below the average consensus analyst price target of $18.00. Kite Realty Grou shares have support at the 200-day moving average (MA) of $16.08 and additional support at the 50-day MA of $15.85.

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

Keywords: bullish am inside day candle kite realty grou

Ticker(s): KRG