SmarTrend's Candlestick Scanner Detects Bullish Engulfing Pattern for Columbia Bancorp (CBBO)
SmarTrend's candlestick pattern scanner has detected a bullish engulfing pattern for shares of Columbia Bancorp (NASDAQ: CBBO) since the stock closed above $0.00.
Yesterday, this company traded 2,060,670 shares, versus the previous day's total volume of 0. Heavy volume increases the reliability of this bullish candlestick pattern.
SmarTrend issued a Downtrend alert on shares of Columbia Bancorp on February 03, 2010 at $0.52 per share (84.6% return since that call). This bullish candle pattern may point to a reversal of the previously called Downtrend.
Write to Chip Brian at cbrian@tradethetrend.com
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