• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Southwest Gas Ho (NYSE:SWX)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Southwest Gas Ho (NYSE:SWX) based on the price action in the company's shares. Yesterday's price range of $72.62 and $73.75 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 Southwest Gas Ho may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Southwest Gas Ho (NYSE:SWX) is currently priced 1.8% above its average consensus analyst price target of $72.25. The stock should hit resistance at its 200-day moving average (MA) of $75.55, as well as support at its 50-day MA of $72.24.

In the past 52 weeks, shares of Southwest Gas Ho have traded between a low of $62.53 and a high of $86.87 and closed yesterday at $73.55, which is 18% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

Southwest Gas Holdings, Inc. operates as a holding company. The Company, through its subsidiaries, provides natural gas operation, construction, and distribution services. Southwest Gas Holdings serves customers in North America.

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

Keywords: bullish am inside day candle southwest gas ho

Ticker(s): SWX