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Possible Bullish Inside Day Candle Pattern Detected for Wsfs Financial (NASDAQ:WSFS)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Wsfs Financial (NASDAQ:WSFS) based on the price action in the company's shares. Yesterday's price range of $40.17 and $40.67 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 Wsfs Financial may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Wsfs Financial share prices have moved between a 52-week high of $57.70 and a 52-week low of $33.75 and closed yesterday at 21% above that low price at $40.67 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has declined 0.3%.

Wsfs Financial has overhead space with shares priced $40.67, or 28.0% below the average consensus analyst price target of $56.50. The stock should run into initial resistance at its 50-day moving average (MA) of $41.42 and subsequent resistance at its 200-day MA of $43.19.

WSFS Financial Corporation provides financial services. The Company, through its principal subsidiary, Wilmington Savings Fund Society, FSB, operates a network of offices in New Castle County and Dover, Delaware, as well as Chester, Delaware, and Montgomery counties in Pennsylvania.

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

Keywords: bullish am inside day candle wsfs financial

Ticker(s): WSFS