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Possible Bullish Inside Day Candle Pattern Detected for Nielsen Holdings (NYSE:NLSN)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Nielsen Holdings (NYSE:NLSN) based on the price action in the company's shares. Yesterday's price range of $36.37 and $37.09 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 Nielsen Holdings may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Potential upside of 21.4% exists for Nielsen Holdings, based on a current level of $36.56 and analysts' average consensus price target of $44.38. Nielsen Holdings shares should first meet resistance at the 200-day moving average (MA) of $47.94 and find additional resistance at the 50-day MA of $51.91.

Nielsen Holdings share prices have moved between a 52-week high of $55.94 and a 52-week low of $34.22 and closed yesterday at 7% above that low price at $36.56 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.4%.

Nielsen Holdings PLC offers marketing services. The Company provides demand analysis, product development, sales measurement, price and trade promotion strategies, and product launch services. Nielsen Holdings serves customers worldwide.

SmarTrend recommended that its subscribers protect gains by selling shares of Nielsen Holdings on October 25th, 2017 by issuing a Downtrend alert when the shares were trading at $38.29. Since that call, shares of Nielsen Holdings have fallen 5.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: bullish am inside day candle nielsen holdings

Ticker(s): NLSN