• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Northern Trust (NASDAQ:NTRS)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Northern Trust (NASDAQ:NTRS) based on the price action in the company's shares. Yesterday's price range of $74.78 and $76.89 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 Northern Trust may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Northern Trust share prices have moved between a 52-week high of $110.48 and a 52-week low of $60.67 and closed yesterday at 26% above that low price at $76.17 per share. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.9%.

Northern Trust (NASDAQ:NTRS) has potential upside of 49.6% based on a current price of $76.17 and analysts' consensus price target of $113.94. The stock should find initial resistance at its 50-day moving average (MA) of $81.38 and further resistance at its 200-day MA of $94.22.

Northern Trust Corporation is a financial holding company that provides investment management, asset and fund administration, fiduciary, and banking solutions for corporations, institutions, and affluent individuals. Northern Trust banking operations are its primary operations.

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

Keywords: bullish am inside day candle Northern Trust

Ticker(s): NTRS