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Possible Bearish Inside Day Candle Pattern Detected for Qiagen Nv (NYSE:QGEN)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Qiagen Nv (NYSE:QGEN) based on the price action in the company's shares. Yesterday's price range of $41.20 and $41.32 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 Qiagen Nv may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

QIAGEN N.V. is a global provider of Sample to Insight solutions to transform biological materials into valuable molecular insights. The Company provides its workflows to customers in Molecular Diagnostics (human healthcare), Applied Testing (forensics, veterinary testing and food safety), Pharma (pharmaceutical and biotechnology companies) and Academia (life sciences research).

Qiagen Nv share prices have moved between a 52-week high of $43.16 and a 52-week low of $24.86 and closed yesterday at 69% above that low price at $41.96 per share. The 200-day and 50-day moving averages have moved 0.03% higher and 0.88% higher over the past week, respectively.

Qiagen Nv (NYSE:QGEN) is currently priced 14.5% above its average consensus analyst price target of $35.87. Qiagen Nv shares have support at the 50-day moving average (MA) of $39.12 and additional support at the 200-day MA of $36.44.

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

Keywords: bearish am inside day candle qiagen nv

Ticker(s): QGEN