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Possible Bullish Inside Day Candle Pattern Detected for Servicemaster Gl (NYSE:SERV)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Servicemaster Gl (NYSE:SERV) based on the price action in the company's shares. Yesterday's price range of $40.46 and $41.12 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 Servicemaster Gl may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

ServiceMaster Global Holdings, Inc. provides termite and pest control, cleaning, and restoration services in residential and commercial markets in the United States. The company operates through, Terminix and the Franchise Services Group segments.

There is potential upside of 48.0% for shares of Servicemaster Gl based on a current price of $40.55 and an average consensus analyst price target of $60.00. The stock should find initial resistance at its 200-day moving average (MA) of $50.25 and further resistance at its 50-day MA of $53.94.

In the past 52 weeks, shares of Servicemaster Gl have traded between a low of $34.28 and a high of $58.78 and closed yesterday at $40.55, which is 18% above that low price. The 200-day and 50-day moving averages have moved 0.20% higher and 2.89% lower over the past week, respectively.

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

Keywords: bullish am inside day candle servicemaster gl

Ticker(s): SERV