SmarTrend's Candlestick Scanner Detects Bearish Engulfing Pattern for TravelCenters of America (TA)
SmarTrend's candlestick pattern scanner has detected a bearish engulfing pattern for shares of TravelCenters of America (AMEX: TA) since the stock closed below $3.70.
Yesterday, this company traded 122,063 shares, versus the previous day's total volume of 112,033. Heavy volume increases the reliability of this bearish candlestick pattern.
SmarTrend issued a Downtrend alert on shares of TravelCenters of America on February 24, 2010 at $3.96 per share (7.1% return since that call). This bearish candle pattern may point to a continuation 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
