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Possible Bullish Inside Day Candle Pattern Detected for Kemper Corp (NYSE:KMPR)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Kemper Corp (NYSE:KMPR) based on the price action in the company's shares. Yesterday's price range of $65.41 and $68.00 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 Kemper 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.

Kemper Corporation is a financial services provider. The Company specializes in property and casualty, life, health, and accident insurance products and services.

In the past 52 weeks, shares of Kemper Corp have traded between a low of $53.81 and a high of $91.98 and closed yesterday at $67.28, which is 25% above that low price. The 200-day and 50-day moving averages have moved 0.52% lower and 1.06% lower over the past week, respectively.

Potential upside of 10.0% exists for Kemper Corp, based on a current level of $67.28 and analysts' average consensus price target of $74.00. The stock should find initial resistance at its 50-day moving average (MA) of $73.58 and further resistance at its 200-day MA of $76.90.

SmarTrend is monitoring the recent change of momentum in Kemper Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Kemper Corp in search of a potential trend change.

Keywords: bullish am inside day candle kemper corp

Ticker(s): KMPR