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Possible Bullish Inside Day Candle Pattern Detected for Liberty Br-C (NASDAQ:LBRDK)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Liberty Br-C (NASDAQ:LBRDK) based on the price action in the company's shares. Yesterday's price range of $70.65 and $71.01 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 Liberty Br-C may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Over the past year, Liberty Br-C has traded in a range of $69.15 to $104.66 and closed yesterday at $70.69, 2% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.3%.

Liberty Br-C (NASDAQ:LBRDK) has potential upside of 53.5% based on a current price of $70.69 and analysts' consensus price target of $108.54. Liberty Br-C shares should first meet resistance at the 50-day moving average (MA) of $80.14 and find additional resistance at the 200-day MA of $89.35.

Liberty Broadband Corporation invests in communication companies. The Company has principal assets in TruePosition and Time Warner Cable.

SmarTrend recommended that its subscribers protect gains by selling shares of Liberty Br-C on March 22nd, 2018 by issuing a Downtrend alert when the shares were trading at $85.94. Since that call, shares of Liberty Br-C have fallen 17.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: bullish am inside day candle liberty br-c

Ticker(s): LBRDK