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Possible Bullish Inside Day Candle Pattern Detected for Acushnet Holdings Corp (:GOLF)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Acushnet Holdings Corp (:GOLF) based on the price action in the company's shares. Yesterday's price range of $28.89 and $29.59 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 Acushnet Holdings Corp 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, Acushnet Holdings Corp share prices have been bracketed by a low of $22.30 and a high of $31.18 and closed yesterday at $29.55, 33% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.3%.

Acushnet Holdings Corp (:GOLF) defies analysts with a current price ($29.55) 12.4% above its average consensus price target of $25.89. Acushnet Holdings Corp shares have support at the 50-day moving average (MA) of $26.86 and additional support at the 200-day MA of $25.32.

SmarTrend is tracking the current trend status for Acushnet Holdings Corp and will alert subscribers who have GOLF in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle :golf acushnet holdings corp

Ticker(s): GOLF