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Possible Bullish Inside Day Candle Pattern Detected for Bank Of Hawaii (NYSE:BOH)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Bank Of Hawaii (NYSE:BOH) based on the price action in the company's shares. Yesterday's price range of $89.92 and $90.43 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 Bank Of Hawaii may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Potential upside of 0.3% exists for Bank Of Hawaii, based on a current level of $89.95 and analysts' average consensus price target of $90.21. The stock should find resistance at its 50-day moving average (MA) of $92.57, as well as support at its 200-day MA of $85.76.

Over the past year, Bank Of Hawaii has traded in a range of $74.78 to $95.65 and closed yesterday at $89.95, 20% above that low. The 200-day and 50-day moving averages have moved 0.08% higher and 0.02% lower over the past week, respectively.

Bank of Hawaii Corporation is a regional financial services holding company with locations throughout the Pacific. The Company and its subsidiaries offers a wide range of financial services to businesses, governments, and individuals in Hawaii, the West Pacific, and American Samoa. Bank of Hawaii provides services such as commercial banking, investment and trust services, and mortgages.

SmarTrend is tracking the current trend status for Bank Of Hawaii and will alert subscribers who have BOH in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle bank of hawaii

Ticker(s): BOH