SmarTrend's Candlestick Scanner Detects Bullish Engulfing Pattern for AngloGold Ashanti (AU)
SmarTrend's candlestick pattern scanner has detected a bullish engulfing pattern for shares of AngloGold Ashanti (NYSE: AU) since the stock closed above $35.49.
Yesterday, this company traded 3,370,692 shares, versus the previous day's total volume of 2,347,010. Heavy volume increases the reliability of this bullish candlestick pattern.
SmarTrend issued a Downtrend alert on shares of AngloGold Ashanti on February 23, 2010 at $35.28 per share (2% retracement 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
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup
