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Possible Bullish Inside Day Candle Pattern Detected for Natus Medical (NASDAQ:BABY)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Natus Medical (NASDAQ:BABY) based on the price action in the company's shares. Yesterday's price range of $32.39 and $32.93 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 Natus Medical may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Natus Medical Incorporated is a medical device company that develops, manufactures, and markets screening products. The Company's products identify and monitor common medical disorders that may occur between conception to a baby's first birthday. Natus is selling its ALGO products for newborn hearing, and screening, as well as its CO-Stat products for the evaluation of jaundice.

Natus Medical share prices have moved between a 52-week high of $41.55 and a 52-week low of $27.69 and closed yesterday at 18% above that low price at $32.62 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

There is potential upside of 35.9% for shares of Natus Medical based on a current price of $32.62 and an average consensus analyst price target of $44.33. Natus Medical shares should encounter resistance at the 200-day moving average (MA) of $34.26 and support at the 50-day MA of $32.42.

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

Keywords: bullish am inside day candle natus medical

Ticker(s): BABY