• Return to Headlines

Possible Bearish Inside Day Candle Pattern Detected for Verisk Analyti (NASDAQ:VRSK)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Verisk Analyti (NASDAQ:VRSK) based on the price action in the company's shares. Yesterday's price range of $170.47 and $171.14 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 Verisk Analyti 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 Verisk Analyti have traded between a low of $121.06 and a high of $171.68 and closed yesterday at $172.50, which is 42% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.2%.

Verisk Analyti (NASDAQ:VRSK) defies analysts with a current price ($172.50) 35.7% above its average consensus price target of $110.83. The stock should discover initial support at its 50-day moving average (MA) of $157.55 and subsequent support at its 200-day MA of $151.73.

Verisk Analytics, Inc. conducts risk assessment services and decision analytics. The Company offers data, statistical, and actuarial services, as well as standardized insurance policy programs, underwriting information, and rating-integrity tools. Verisk Analytics provides data and software information services to the property, casualty, and mortgage fields in the United States.

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

Keywords: bearish am inside day candle verisk analyti

Ticker(s): VRSK