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Possible Bullish Inside Day Candle Pattern Detected for Camping World Holdings Inc (:CWH)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Camping World Holdings Inc (:CWH) based on the price action in the company's shares. Yesterday's price range of $9.46 and $9.62 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 Camping World Holdings Inc may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Camping World Holdings Inc (:CWH) has potential upside of 9.7% based on a current price of $9.52 and analysts' consensus price target of $10.44. The stock should hit resistance at its 200-day moving average (MA) of $11.61, as well as support at its 50-day MA of $8.69.

Over the past year, Camping World Holdings Inc has traded in a range of $7.12 to $15.56 and closed yesterday at $9.52, 34% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.9%.

SmarTrend is tracking the current trend status for Camping World Holdings Inc and will alert subscribers who have CWH in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle :cwh camping world holdings inc

Ticker(s): CWH