SmarTrend's Candlestick Scanner Detects Bullish Engulfing Pattern for iShares S&P SmallCap 600 Value Index Fund (IJS)

SmarTrend's candlestick pattern scanner has detected a bullish engulfing pattern for shares of iShares S&P SmallCap 600 Value Index Fund IJS since the stock closed above $65.13.

Yesterday, this company traded 379,284 shares, versus the previous day's total volume of 153,622. Heavy volume increases the reliability of this bullish candlestick pattern.

SmarTrend issued an Uptrend alert on shares of iShares S&P SmallCap 600 Value Index Fund on February 17, 2010 at $58.30 per share (11.8% 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

---------------------------------------------------------------------------------------------

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup