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Possible Bullish Inside Day Candle Pattern Detected for Natl Beverage (NASDAQ:FIZZ)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Natl Beverage (NASDAQ:FIZZ) based on the price action in the company's shares. Yesterday's price range of $41.06 and $41.91 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 Natl Beverage may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

In the past 52 weeks, Natl Beverage share prices have been bracketed by a low of $40.05 and a high of $127.32 and closed yesterday at $41.38, 3% above that low price. The 200-day and 50-day moving averages have moved 1.3% lower and 0.61% lower over the past week, respectively.

National Beverage Corp. is a holding company for subsidiaries that market, manufacture, and distribute a full line of beverage products. The Company's products include multi-flavored and cola soft drinks, juice and juice products, flavored carbonated and spring water products, and specialty items.

Natl Beverage (NASDAQ:FIZZ) has potential upside of 162.6% based on a current price of $41.38 and analysts' consensus price target of $108.67. Natl Beverage shares should first meet resistance at the 50-day moving average (MA) of $43.82 and find additional resistance at the 200-day MA of $64.08.

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

Keywords: bullish am inside day candle natl beverage

Ticker(s): FIZZ