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

By Amy Schwartz

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 $82.83 and $83.80 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.

Liberty Br-C (NASDAQ:LBRDK) has potential upside of 40.7% based on a current price of $83.35 and analysts' consensus price target of $117.29. The stock should discover initial support at its 50-day moving average (MA) of $55.96 and subsequent support at its 200-day MA of $52.88.

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

In the past 52 weeks, shares of Liberty Br-C have traded between a low of $55.05 and a high of $104.66 and closed yesterday at $83.35, which is 51% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has risen 0.2%.

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 $85.93. Since that call, shares of Liberty Br-C have fallen 3.6%. 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