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

SmarTrend's candlestick pattern scanner has detected a bearish Dark Cloud Cover candle pattern for shares of Credit Suisse Asset Management Income Fund CIK.

Yesterday, the stock gapped up, but then encountered selling pressure that pushed the stock lower.

Yesterday, this company traded 121,916 shares, versus the previous day's total volume of 212,279. This bearish candle is more reliable if the gap up occurs at resistance and is accompanied by a surge in volume.

SmarTrend issued an Uptrend alert on shares of Credit Suisse Asset Management Income Fund on October 16, 2008 at $2.48 per share (46% 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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