Possible Bullish Inside Day Candle Pattern Detected for Rockwell Collins (NYSE:COL)
SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Rockwell Collins (NYSE:COL) based on the price action in the company's shares. Today's price range of $81.55 and $82.17 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 Rockwell Collins may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.
There is potential upside of 19.9% for shares of Rockwell Collins based on a current price of $81.60 and an average consensus analyst price target of $97.86. The stock should find initial resistance at its 200-day moving average (MA) of $87.21 and further resistance at its 50-day MA of $90.68.
In the past 52 weeks, shares of Rockwell Collins have traded between a low of $76.03 and a high of $99.37 and are now at $81.60, which is 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.
Rockwell Collins, Inc. designs, produces, markets, and supports electronic communications, avionics, and in-flight entertainment systems. The Company's systems are used by commercial, military, and government customers located throughout the world.
SmarTrend recommended that its subscribers protect gains by selling shares of Rockwell Collins on April 22nd, 2016 by issuing a Downtrend alert when the shares were trading at $89.96. Since that call, shares of Rockwell Collins have fallen 9.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: bullish inside day candle rockwell collins