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Possible Bullish Inside Day Candle Pattern Detected for Davita Inc (NYSE:DVA)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Davita Inc (NYSE:DVA) based on the price action in the company's shares. Yesterday's price range of $54.50 and $55.44 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 Davita 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.

Davita Inc (NYSE:DVA) has potential upside of 48.6% based on a current price of $55.21 and analysts' consensus price target of $82.06. The stock should find resistance at its 50-day moving average (MA) of $58.06, as well as support at its 200-day MA of $55.00.

DaVita Inc. provides kidney dialysis services for patients suffering from chronic kidney failure or end stage renal disease (ESRD). The company operates kidney dialysis centers and provides related lab services in outpatient dialysis centers.

Davita Inc share prices have moved between a 52-week high of $79.11 and a 52-week low of $43.40 and closed yesterday at 27% above that low price at $55.21 per share. The 200-day and 50-day moving averages have moved 0.10% higher and 0.48% lower over the past week, respectively.

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

Keywords: bullish am inside day candle davita inc

Ticker(s): DVA