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Possible Bullish Inside Day Candle Pattern Detected for United Commty Fi (NASDAQ:UCFC)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in United Commty Fi (NASDAQ:UCFC) based on the price action in the company's shares. Yesterday's price range of $8.90 and $9.02 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 United Commty Fi may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Over the past year, United Commty Fi has traded in a range of $8.49 to $11.98 and closed yesterday at $8.98, 6% above that low. The 200-day and 50-day moving averages have moved 0.26% lower and 0.11% lower over the past week, respectively.

United Commty Fi has overhead space with shares priced $8.98, or 26.7% below the average consensus analyst price target of $12.25. The stock should run into initial resistance at its 50-day moving average (MA) of $9.52 and subsequent resistance at its 200-day MA of $9.85.

United Community Financial Corp. is the holding company for The Home Savings and Loan Company of Youngstown, Ohio and Butler Wick. The Banks attract deposits from the general public, originate a variety of loans, and provide investment advisory services. Home Savings operates in northern Ohio while Butler Wick operates in northern Ohio and western Pennsylvania.

SmarTrend is tracking the current trend status for United Commty Fi and will alert subscribers who have UCFC in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle united commty fi

Ticker(s): UCFC