• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Science Applicat (NYSE:SAIC)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Science Applicat (NYSE:SAIC) based on the price action in the company's shares. Yesterday's price range of $82.65 and $83.43 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 Science Applicat may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Science Applications International Corp provides consulting services. The Company offers scientific, engineering, and technology applications and solutions to solve problems. Science Applications International serves security, energy, environmental, health, and infrastructure markets worldwide.

Potential upside of 6.0% exists for Science Applicat, based on a current level of $83.00 and analysts' average consensus price target of $88.00. Science Applicat shares should encounter resistance at the 50-day moving average (MA) of $83.17 and support at its 200-day MA of $80.46.

In the past 52 weeks, shares of Science Applicat have traded between a low of $58.19 and a high of $92.49 and closed yesterday at $83.00, which is 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

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

Keywords: bullish am inside day candle science applicat

Ticker(s): SAIC