SmarTrend's Candlestick Scanner Detects Bearish Engulfing Pattern for Credit Suisse Asset Management Income Fund (CIK)


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SmarTrend's candlestick pattern scanner has detected a bearish engulfing pattern for shares of Credit Suisse Asset Management Income Fund (AMEX: CIK) since the stock closed below $3.64.

Yesterday, this company traded 191,247 shares, versus the previous day's total volume of 97,330. Heavy volume increases the reliability of this bearish candlestick pattern.

SmarTrend issued an Uptrend alert on shares of Credit Suisse Asset Management Income Fund on October 16, 2008 at $2.48 per share (46.4% return since that call). This bearish candle pattern may point to a reversal of the previously called Uptrend.

Write to Chip Brian at cbrian@tradethetrend.com

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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