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Possible Bearish Inside Day Candle Pattern Detected for Camping World Holdings Inc (:CWH)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Camping World Holdings Inc (:CWH) based on the price action in the company's shares. Yesterday's price range of $9.66 and $9.94 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. Owners of Camping World Holdings Inc may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Camping World Holdings Inc (:CWH) has potential upside of 5.8% based on a current price of $9.87 and analysts' consensus price target of $10.44. The stock should find resistance at its 200-day moving average (MA) of $11.59, as well as support at its 50-day MA of $8.78.

In the past 52 weeks, shares of Camping World Holdings Inc have traded between a low of $7.12 and a high of $15.56 and closed yesterday at $9.87, which is 39% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.0%.

SmarTrend is tracking the current trend status for Camping World Holdings Inc and will alert subscribers who have CWH in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish am inside day candle :cwh camping world holdings inc

Ticker(s): CWH