SmarTrend's Candlestick Scanner Detects Bullish Inside Day Pattern for Bare Escentuals (BARE)

SmarTrend's candlestick pattern scanner detected a bullish inside day candle pattern for shares of Bare Escentuals BARE. Yesterday's price range of 18.13 and 18.15 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.

Traders and investors interested in shares of Bare Escentuals may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

SmarTrend issued an Uptrend alert on shares of Bare Escentuals on January 15, 2010 at $18.14 per share (0% 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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