SmarTrend's Candlestick Scanner Detects Bearish Inside Day Pattern for Novell (NOVL)


SmarTrend's candlestick pattern scanner detected a bearish inside day candle pattern for shares of Novell NOVL. Yesterday's price range of 4.74 and 4.85 is within the previous day's price range.

This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend.

Owners of Novell may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

SmarTrend issued an Uptrend alert on shares of Novell on January 06, 2010 at $4.53 per share (6.4% return since that call). This bearish candle pattern may point to a reversal of the previously called Uptrend.

Write to Chip Brian at


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