• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Fed Signal Corp (NYSE:FSS)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Fed Signal Corp (NYSE:FSS) based on the price action in the company's shares. Yesterday's price range of $31.78 and $32.76 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 Fed Signal 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.

Federal Signal Corporation manufactures and supplies safety, signaling, and communications equipment. The Company's equipment includes fire rescue products, street sweeping and vacuum loader vehicles, parking control equipment, custom on-premise signage, carbide cutting tools, precision punches and dies, and plastic injection mold components.

In the past 52 weeks, Fed Signal Corp share prices have been bracketed by a low of $18.59 and a high of $35.75 and closed yesterday at $32.48, 75% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.3%.

Fed Signal Corp (NYSE:FSS) defies analysts with a current price ($32.48) 22.3% above its average consensus price target of $25.25. Fed Signal Corp shares have support at the 50-day moving average (MA) of $31.81 and additional support at the 200-day MA of $27.33.

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

Keywords: bullish am inside day candle fed signal corp

Ticker(s): FSS