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Possible Bullish Inside Day Candle Pattern Detected for Rush Enter-Cl A (NASDAQ:RUSHA)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Rush Enter-Cl A (NASDAQ:RUSHA) based on the price action in the company's shares. Yesterday's price range of $41.10 and $44.95 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 Rush Enter-Cl A may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Rush Enterprises, Inc. operates a regional network of commercial vehicle dealerships. The Company sells new and used heavy-duty and medium-duty trucks, and buses. Rush also provides parts and maintenance, leasing, and financing services.

Rush Enter-Cl A (NASDAQ:RUSHA) has potential upside of 25.6% based on a current price of $43.21 and analysts' consensus price target of $54.29. The stock should find initial support at its 200-day moving average (MA) of $21.72 and further support at its 50-day MA of $18.02.

Over the past year, Rush Enter-Cl A has traded in a range of $20.22 to $55.40 and closed yesterday at $43.21, 114% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.0%.

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

Keywords: bullish am inside day candle rush enter-cl a

Ticker(s): RUSHA