SmarTrend's Candlestick Scanner Detects Bullish Engulfing Pattern for BigBand Networks (BBND)
SmarTrend's candlestick pattern scanner has detected a bullish engulfing pattern for shares of BigBand Networks (NASDAQ: BBND) since the stock closed above $2.86.
Friday, this company traded 294,339 shares, versus the previous day's total volume of 205,540. Heavy volume increases the reliability of this bullish candlestick pattern.
SmarTrend issued a Downtrend alert on shares of BigBand Networks on August 06, 2009 at $4.28 per share (32.7% 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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