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Possible Bullish Inside Day Candle Pattern Detected for Kronos Worldwide (NYSE:KRO)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Kronos Worldwide (NYSE:KRO) based on the price action in the company's shares. Yesterday's price range of $7.79 and $8.03 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 Kronos Worldwide may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Kronos Worldwide, Inc. produces titanium dioxide pigments. The Company's products are used to whiten, brighten, and add opacity to thousands of commonly used products, such as paints, plastics, inks, and cosmetics.

Kronos Worldwide (NYSE:KRO) is currently priced 6.8% above its average consensus analyst price target of $7.33. The stock should discover initial support at its 200-day moving average (MA) of $6.45 and subsequent support at its 50-day MA of $6.12.

In the past 52 weeks, shares of Kronos Worldwide have traded between a low of $3.94 and a high of $13.39 and closed yesterday at $7.87, which is 100% above that low price. The 200-day and 50-day moving averages have moved 1.19% lower and 1.37% higher over the past week, respectively.

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

Keywords: bullish am inside day candle kronos worldwide

Ticker(s): KRO