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Possible Bullish Inside Day Candle Pattern Detected for Twenty-First C-A (NASDAQ:FOXA)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Twenty-First C-A (NASDAQ:FOXA) based on the price action in the company's shares. Yesterday's price range of $37.74 and $38.15 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 Twenty-First C-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.

In the past 52 weeks, shares of Twenty-First C-A have traded between a low of $35.79 and a high of $51.99 and closed yesterday at $38.08, which is 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1%.

There is potential upside of 7.1% for shares of Twenty-First C-A based on a current price of $38.08 and an average consensus analyst price target of $40.77. The stock should run into initial resistance at its 50-day moving average (MA) of $44.20 and subsequent resistance at its 200-day MA of $46.27.

Twenty-First Century Fox, Inc. is a diversified media company. The Company's media and entertainment operations include the production and distribution motion pictures and television programming, music, radio broadcasting, and sports.

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

Keywords: bullish am inside day candle twenty-first c-a

Ticker(s): FOXA