Possible Bearish Inside Day Candle Pattern Detected for United Online (NASDAQ:UNTD)
Aug 14, 2014 (Candlestick via COMTEX) -- Analysts have spotted a possible bearish inside day candle pattern in United Online (NASDAQ:UNTD) based on the price action in the company's shares. Yesterday's price range of $11.70 and $12.50 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. Owners of United Online may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.In the past 52 weeks, shares of United Online have traded between a low of $3.63 and a high of $19.48 and closed yesterday at $12.06, which is 232% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.
United Online, Inc. is a provider of consumer products and services over the internet. The Company's offerings include floral related products and services for consumer and retail florists. United services also include online social networking, online loyalty marketing, internet access and email.
United Online has overhead space with shares priced $12.06, or 41.9% below the average consensus analyst price target of $20.75. The stock should find initial support at its 200-day moving average (MA) of $11.90 and further support at its 50-day MA of $10.29
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