Possible Bullish Inside Day Candle Pattern Detected for Liberty Global (NASDAQ:LBTYK)
SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Liberty Global (NASDAQ:LBTYK) based on the price action in the company's shares. Today's price range of $31.72 and $31.99 is within yesterday'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 Global 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 Global (NASDAQ:LBTYK) has potential upside of 95.5% based on a current price of $31.87 and analysts' consensus price target of $62.31. Liberty Global shares should first meet resistance at the 50-day moving average (MA) of $36.90 and find additional resistance at the 200-day MA of $40.21.
Liberty Global share prices have moved between a 52-week high of $54.74 and a 52-week low of $25.86 and are now trading 23% above that low price at $31.87 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.6%.
Liberty Global, Inc. owns interests in broadband, distribution, and content companies operating outside the continental United States, principally in Europe, Asia, and Latin America.
SmarTrend is tracking the current trend status for Liberty Global and will alert subscribers who have LBTYK in their portfolio or watchlist when shares have changed trend direction.
Keywords: bullish inside day candle liberty global