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Possible Bullish Inside Day Candle Pattern Detected for Verisk Analyti (NASDAQ:VRSK)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Verisk Analyti (NASDAQ:VRSK) based on the price action in the company's shares. Yesterday's price range of $144.79 and $146.24 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 Verisk Analyti 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, Verisk Analyti share prices have been bracketed by a low of $102.74 and a high of $164.97 and closed yesterday at $145.36, 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has risen 0.6%.

Verisk Analyti (NASDAQ:VRSK) is currently priced 23.8% above its average consensus analyst price target of $110.83. The stock should hit resistance at its 50-day moving average (MA) of $156.02, as well as support at its 200-day MA of $142.90.

Verisk Analytics, Inc. conducts risk assessment services and decision analytics. The Company offers data, statistical, and actuarial services, as well as standardized insurance policy programs, underwriting information, and rating-integrity tools. Verisk Analytics provides data and software information services to the property, casualty, and mortgage fields in the United States.

SmarTrend is tracking the current trend status for Verisk Analyti and will alert subscribers who have VRSK in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle verisk analyti

Ticker(s): VRSK