SmarTrend's Candlestick Scanner Detects Bullish Engulfing Pattern for Citizens First Bancorp (CTZN)

SmarTrend's candlestick pattern scanner has detected a bullish engulfing pattern for shares of Citizens First Bancorp CTZN since the stock closed above $0.17.

Yesterday, this company traded 135,604 shares, versus the previous day's total volume of 57,801. Heavy volume increases the reliability of this bullish candlestick pattern.

SmarTrend issued a Downtrend alert on shares of Citizens First Bancorp on February 05, 2010 at $0.43 per share (53.5% return since that call). This bullish candle pattern may point to a reversal of the previously called Downtrend.

Write to Chip Brian at cbrian@tradethetrend.com

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