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Possible Bullish Inside Day Candle Pattern Detected for Msci Inc (NYSE:MSCI)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Msci Inc (NYSE:MSCI) based on the price action in the company's shares. Yesterday's price range of $238.55 and $241.32 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 Msci Inc may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

MSCI Inc. provides investment decision support tools to investment institutions worldwide. The Company produces indices and risk and return portfolio analytics for use in managing investment portfolios.

In the past 52 weeks, Msci Inc share prices have been bracketed by a low of $134.28 and a high of $260.00 and closed yesterday at $241.28, 80% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

Msci Inc (NYSE:MSCI) defies analysts with a current price ($241.28) 36.9% above its average consensus price target of $152.17. The stock should find initial support at its 50-day moving average (MA) of $227.98 and further support at its 200-day MA of $216.74.

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

Keywords: bullish am inside day candle msci inc

Ticker(s): MSCI