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Possible Bullish Inside Day Candle Pattern Detected for Werner Ent (NASDAQ:WERN)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Werner Ent (NASDAQ:WERN) based on the price action in the company's shares. Yesterday's price range of $36.42 and $36.68 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 Werner Ent may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Werner Ent has overhead space with shares priced $36.48, or 12.3% below the average consensus analyst price target of $41.60. The stock should find initial support at its 50-day moving average (MA) of $36.10 and further support at its 200-day MA of $33.50.

In the past 52 weeks, Werner Ent share prices have been bracketed by a low of $21.45 and a high of $36.85 and closed yesterday at $36.48, 70% above that low price. The 200-day and 50-day moving averages have moved 0.26% higher and 0.93% higher over the past week, respectively.

Werner Enterprises, Inc. is a transportation company that primarily hauls truckload shipments of general commodities in both interstate and intrastate commerce. The Company operates in the continental United States, as well as in Canada and Mexico.

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

Keywords: bullish am inside day candle werner ent

Ticker(s): WERN