• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Simmons First -A (NASDAQ:SFNC)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Simmons First -A (NASDAQ:SFNC) based on the price action in the company's shares. Yesterday's price range of $29.75 and $30.10 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 Simmons First -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.

Simmons First -A share prices have moved between a 52-week high of $60.50 and a 52-week low of $27.40 and closed yesterday at 10% above that low price at $30.10 per share. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has remained constant.

There is potential upside of 12.5% for shares of Simmons First -A based on a current price of $30.10 and an average consensus analyst price target of $33.88. Simmons First -A shares should first meet resistance at the 50-day moving average (MA) of $31.16 and find additional resistance at the 200-day MA of $42.81.

Simmons First National Corporation is a multibank holding company. The Bank offer various loans, credit card services, checking and savings accounts, personal and corporate trust services, and other products and services through offices located in Arkansas.

SmarTrend is tracking the current trend status for Simmons First -A and will alert subscribers who have SFNC in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle simmons first -a

Ticker(s): SFNC