SmarTrend's Candlestick Scanner Detects Bullish Engulfing Pattern for PMC - Sierra (PMCS)
SmarTrend's candlestick pattern scanner has detected a bullish engulfing pattern for shares of PMC - Sierra (NASDAQ: PMCS) since the stock closed above $8.87.
Yesterday, this company traded 2,990,706 shares, versus the previous day's total volume of 3,693,712. Heavy volume increases the reliability of this bullish candlestick pattern.
SmarTrend issued an Uptrend alert on shares of PMC - Sierra on January 08, 2010 at $8.99 per share (0.7% 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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