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Possible Bullish Inside Day Candle Pattern Detected for Physicians Realt (NYSE:DOC)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Physicians Realt (NYSE:DOC) based on the price action in the company's shares. Yesterday's price range of $18.72 and $18.85 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 Physicians Realt 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, Physicians Realt share prices have been bracketed by a low of $15.18 and a high of $19.34 and closed yesterday at $18.75, 24% above that low price. The 200-day and 50-day moving averages have moved 0.02% higher and 0.47% higher over the past week, respectively.

Physicians Realt (NYSE:DOC) defies analysts with a current price ($18.75) 7.6% above its average consensus price target of $17.33. The stock should discover initial support at its 50-day moving average (MA) of $18.29 and subsequent support at its 200-day MA of $17.98.

Physicians Realty Trust is a self-managed healthcare real estate company recently organized to acquire, selectively develop, own, and manage healthcare properties that are leased to physicians, hospitals, and healthcare delivery systems.

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

Keywords: bullish am inside day candle physicians realt

Ticker(s): DOC