• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Pra Health Scien (NASDAQ:PRAH)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Pra Health Scien (NASDAQ:PRAH) based on the price action in the company's shares. Yesterday's price range of $97.71 and $99.50 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 Pra Health Scien may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

PRA Health Sciences, Inc. is a global contract research organization. The Company provides outsourced clinical development services to the biotechnology and pharmaceutical industries.

In the past 52 weeks, shares of Pra Health Scien have traded between a low of $82.12 and a high of $121.98 and closed yesterday at $98.31, which is 20% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Based on a current price of $98.31, Pra Health Scien is currently 0.3% above its average consensus analyst price target of $98.00. The stock should find initial resistance at its 50-day moving average (MA) of $99.57 and further resistance at its 200-day MA of $99.77.

SmarTrend is tracking the current trend status for Pra Health Scien and will alert subscribers who have PRAH in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle pra health scien

Ticker(s): PRAH