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Possible Bullish Inside Day Candle Pattern Detected for Keysight Tec (NYSE:KEYS)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Keysight Tec (NYSE:KEYS) based on the price action in the company's shares. Yesterday's price range of $92.63 and $95.15 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 Keysight Tec may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Keysight Technologies, Inc. provides electronic design and test solutions to commercial communications, networking, aerospace, defense and government, automotive, energy, semiconductor, and electronic industries in the Americas and the Asia Pacific.

Based on a current price of $94.61, Keysight Tec is currently 37.6% above its average consensus analyst price target of $59.00. The stock should find initial support at its 50-day moving average (MA) of $94.03 and further support at its 200-day MA of $84.86.

Keysight Tec share prices have moved between a 52-week high of $102.00 and a 52-week low of $53.21 and closed yesterday at 78% above that low price at $94.61 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.2%.

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

Keywords: bullish am inside day candle keysight tec

Ticker(s): KEYS