Possible Bullish Inside Day Candle Pattern Detected for Principal Financial Group (NYSE:PFG)
SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Principal Financial Group (NYSE:PFG) based on the price action in the company's shares. Today's price range of $45.32 and $45.88 is within yesterday'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 Principal Financial Group may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.
Principal Financial Group (NYSE:PFG) has potential upside of 16.4% based on a current price of $45.39 and analysts' consensus price target of $52.82. The stock should find resistance at its 200-day moving average (MA) of $45.50, as well as support at its 50-day MA of $40.52.
In the past 52 weeks, Principal Financial Group share prices have been bracketed by a low of $33.09 and a high of $58.02 and are now at $45.39, 37% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has slid 0.5%.
Principal Financial Group, Inc. offers businesses, individuals and institutional clients a range of financial products and services. The Company offers retirement solutions, life and health insurance, wellness programs, and investment and banking products.
SmarTrend is tracking the current trend status for Principal Financial Group and will alert subscribers who have PFG in their portfolio or watchlist when shares have changed trend direction.
Keywords: bullish inside day candle Principal Financial Group