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Possible Bullish Inside Day Candle Pattern Detected for Trustmark Corp (NASDAQ:TRMK)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Trustmark Corp (NASDAQ:TRMK) based on the price action in the company's shares. Yesterday's price range of $32.01 and $32.32 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 Trustmark Corp may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Trustmark Corp has overhead space with shares priced $32.23, or 4.6% below the average consensus analyst price target of $33.80. The stock should run into initial resistance at its 200-day moving average (MA) of $32.85 and subsequent resistance at its 50-day MA of $33.12.

In the past 52 weeks, shares of Trustmark Corp have traded between a low of $26.84 and a high of $36.32 and closed yesterday at $32.23, which is 20% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has remained constant.

Trustmark Corporation is the holding company for Trustmark National Bank. The Bank offers a variety of banking, investment, and insurance solutions to corporate, institutional, and individual customers in the States of Mississippi, Tennessee, Alabama, Florida, and Texas.

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

Keywords: bullish am inside day candle trustmark corp

Ticker(s): TRMK