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Possible Bullish Inside Day Candle Pattern Detected for National Retail (NYSE:NNN)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in National Retail (NYSE:NNN) based on the price action in the company's shares. Yesterday's price range of $55.81 and $56.57 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 National Retail may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

National Retail Properties Inc. is a real estate investment trust. The Company acquires, develops, and manages retail properties. National Retail Properties serves customers in the State of Florida.

In the past 52 weeks, shares of National Retail have traded between a low of $45.45 and a high of $59.26 and closed yesterday at $56.31, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.2%.

National Retail (NYSE:NNN) is currently priced 22.6% above its average consensus analyst price target of $43.60. National Retail shares have support at the 50-day moving average (MA) of $56.29 and additional support at the 200-day MA of $53.97.

SmarTrend is tracking the current trend status for National Retail and will alert subscribers who have NNN in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle national retail

Ticker(s): NNN