SmarTrend's Candlestick Scanner Detects Bullish Engulfing Pattern for Endeavour Silver (EXK)
SmarTrend's candlestick pattern scanner has detected a bullish engulfing pattern for shares of Endeavour Silver (AMEX: EXK) since the stock closed above $3.20.
Yesterday, this company traded 593,062 shares, versus the previous day's total volume of 249,583. Heavy volume increases the reliability of this bullish candlestick pattern.
SmarTrend issued a Downtrend alert on shares of Endeavour Silver on January 22, 2010 at $3.55 per share (9.6% 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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