Market Overview

SmarTrend's Candlestick Scanner Detects Bullish Inside Day Pattern for iShares Barclays 1-3 Year Treasury Bond Fund (SHY)

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SmarTrend's candlestick pattern scanner detected a bullish inside day candle pattern for shares of iShares Barclays 1-3 Year Treasury Bond Fund (AMEX: SHY). Yesterday's price range of 83.05 and 83.10 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 iShares Barclays 1-3 Year Treasury Bond Fund 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 a Downtrend alert on shares of iShares Barclays 1-3 Year Treasury Bond Fund on December 29, 2009 at $83.06 per share (0% retracement 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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