SmarTrend's Candlestick Scanner Detects Bullish Inside Day Pattern for Global Cash Access Holdings (GCA)
SmarTrend's candlestick pattern scanner detected a bullish inside day candle pattern for shares of Global Cash Access Holdings (NYSE: GCA). Yesterday's price range of 7.41 and 7.57 is within the previous day's price range.
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 Global Cash Access Holdings may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.
SmarTrend issued an Uptrend alert on shares of Global Cash Access Holdings on November 13, 2009 at $7.36 per share (1.8% return since that call). This bullish candle pattern may point to a continuation of the previously called Uptrend.
Write to Chip Brian at cbrian@tradethetrend.com
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