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Possible Bullish Inside Day Candle Pattern Detected for Radius Health In (NASDAQ:RDUS)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Radius Health In (NASDAQ:RDUS) based on the price action in the company's shares. Yesterday's price range of $23.45 and $24.43 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 Radius Health 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.

Radius Health In (NASDAQ:RDUS) has potential upside of 97.9% based on a current price of $24.25 and analysts' consensus price target of $48.00. The stock should hit resistance at its 50-day moving average (MA) of $26.81, as well as support at its 200-day MA of $22.45.

Radius Health Inc. researches and develops drug therapies. The Company focuses on helping treat osteoporosis by building new bone in patients, and women's health conditions including menopause and age-related muscle loss. Radius Health conducts business in the United States.

Over the past year, Radius Health In has traded in a range of $12.81 to $41.16 and closed yesterday at $24.25, 89% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 0.7%.

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

Keywords: bullish am inside day candle radius health in

Ticker(s): RDUS