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

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SmarTrend's candlestick pattern scanner has detected a bearish engulfing pattern for shares of Credit Suisse Asset Management Income Fund CIK since the stock closed below $3.64.

Yesterday, this company traded 191,247 shares, versus the previous day's total volume of 97,330. Heavy volume increases the reliability of this bearish candlestick pattern.

SmarTrend issued an Uptrend alert on shares of Credit Suisse Asset Management Income Fund on October 16, 2008 at $2.48 per share (46.4% 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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