SMARTREND'S CANDLESTICK SCANNER DETECTS BULLISH HARAMI PATTERN FOR SPORT ...
Jul 16, 2010 (SmarTrend(R) Furnish Surveillance via COMTEX) -- SmarTrend's candlestick layout scanner has detected a bullish harami candle pattern for shares of Play Supply Group (NASDAQ:RBI).Yesterday's real confederation is within the previous day's body and may imply that traders and investors fancy that the recent move lower is exhausted.
A green candle today would bind this trend reversal. Also, the narrower the green real main part yesterday, the more reliable the harami.
Yesterday, this company traded 178,013 shares, versus the before-mentioned day's total volume of 27,920. Decreased volume also is an for that the selling pressure may have subsided.
SmarTrend issued an Uptrend vivacious on shares of Sport Supply Group on April 15, 2009 at $6.21 per dividend (117.1% return since that call). This bullish candle pattern may point to a continuation of the once upon a time called Uptrend.
Write to Chip Brian at cbrian@tradethetrend.com
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