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Possible Bullish Inside Day Candle Pattern Detected for Post Holdings In (NYSE:POST)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Post Holdings In (NYSE:POST) based on the price action in the company's shares. Yesterday's price range of $100.25 and $105.41 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 Post Holdings In may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Over the past year, Post Holdings In has traded in a range of $83.88 to $113.73 and closed yesterday at $104.69, 25% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

Post Holdings In (NYSE:POST) is currently priced 9.5% above its average consensus analyst price target of $94.70. The stock should hit resistance at its 200-day moving average (MA) of $104.76, as well as support at its 50-day MA of $104.26.

Post Holdings Inc. is a food company. The Company manufactures, distributes, and markets a wide range of ready-to-eat cereal products.

SmarTrend is tracking the current trend status for Post Holdings In and will alert subscribers who have POST in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle post holdings in

Ticker(s): POST