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Possible Bullish Inside Day Candle Pattern Detected for Rollins (NYSE:ROL)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Rollins (NYSE:ROL) based on the price action in the company's shares. Yesterday's price range of $27.62 and $27.79 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 Rollins may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Rollins has overhead space with shares priced $27.67, or 2.9% below the average consensus analyst price target of $28.50. The stock should find initial support at its 50-day moving average (MA) of $27.32 and further support at its 200-day MA of $27.23.

Rollins, Inc., through its subsidiary, Orkin Exterminating Company, Inc., provides essential pest control services. The Company also provides protection against termite damage, rodents, and insects. Rollins serves customers in the United States, Canada, and Mexico.

In the past 52 weeks, Rollins share prices have been bracketed by a low of $23.69 and a high of $30.42 and closed yesterday at $27.67, 17% 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.

SmarTrend is monitoring the recent change of momentum in Rollins. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Rollins in search of a potential trend change.

Keywords: bullish am inside day candle rollins

Ticker(s): ROL