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Possible Bearish Inside Day Candle Pattern Detected for Keysight Tec (NYSE:KEYS)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Keysight Tec (NYSE:KEYS) based on the price action in the company's shares. Today's price range of $100.51 and $101.68 is within yesterday'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 Keysight Tec may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

In the past 52 weeks, shares of Keysight Tec have traded between a low of $71.03 and a high of $110.00 and are now at $100.93, which is 42% above that low price. The 200-day and 50-day moving averages have moved 0.19% higher and 0.38% higher over the past week, respectively.

Keysight Tec (NYSE:KEYS) is currently priced 41.5% above its average consensus analyst price target of $59.00. The stock should find initial support at its 200-day moving average (MA) of $96.73 and further support at its 50-day MA of $91.44.

Keysight Technologies, Inc. offers electronic measurement services using wireless, modular, and software solutions.

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

Keywords: bearish inside day candle keysight tec

Ticker(s): KEYS