• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Care.Com Inc (NYSE:CRCM)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Care.Com Inc (NYSE:CRCM) based on the price action in the company's shares. Yesterday's price range of $14.12 and $14.37 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 Care.Com 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.

Care.Com Inc has overhead space with shares priced $14.30, or 31.9% below the average consensus analyst price target of $21.00. The stock should run into initial resistance at its 50-day moving average (MA) of $16.65 and subsequent resistance at its 200-day MA of $19.31.

In the past 52 weeks, shares of Care.Com Inc have traded between a low of $13.71 and a high of $25.81 and closed yesterday at $14.30, which is 4% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 3.5%.

Care.com, Inc. provides care services. The Company offers child, adult, senior, pet, and home care services. Care.com serves customers worldwide.

SmarTrend recommended that its subscribers protect gains by selling shares of Care.Com Inc on March 7th, 2019 by issuing a Downtrend alert when the shares were trading at $22.70. Since that call, shares of Care.Com Inc have fallen 37.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: bullish am inside day candle care.com inc

Ticker(s): CRCM