• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Rexford Industri (NYSE:REXR)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Rexford Industri (NYSE:REXR) based on the price action in the company's shares. Yesterday's price range of $46.63 and $47.20 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 Rexford Industri may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Rexford Industri share prices have moved between a 52-week high of $48.80 and a 52-week low of $28.17 and closed yesterday at 66% above that low price at $46.65 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.5%.

Based on a current price of $46.65, Rexford Industri is currently 27.1% above its average consensus analyst price target of $34.00. The stock should discover initial support at its 50-day moving average (MA) of $45.00 and subsequent support at its 200-day MA of $39.66.

Rexford Industrial Realty, Inc. is a real estate investment trust that specializes in acquiring, owning, and operating industrial properties in Southern California markets.

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

Keywords: bullish am inside day candle rexford industri

Ticker(s): REXR