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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 $41.51 and $41.95 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.

In the past 52 weeks, shares of Wsfs Financial have traded between a low of $33.75 and a high of $57.70 and closed yesterday at $42.04, which is 25% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.4%.

Wsfs Financial (NASDAQ:WSFS) has potential upside of 34.4% based on a current price of $42.04 and analysts' consensus price target of $56.50. Wsfs Financial shares should first meet resistance at the 50-day moving average (MA) of $42.17 and find additional resistance at the 200-day MA of $46.36.

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 recommended that subscribers consider buying shares of Wsfs Financial on January 4th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.24. Since that recommendation, shares of Wsfs Financial have risen 4.7%. We continue to monitor WSFS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bullish am inside day candle wsfs financial

Ticker(s): WSFS