SmarTrend's Candlestick Scanner Detects Bullish Engulfing Pattern for Atlas Acquisition Holdings (AXG)
SmarTrend's candlestick pattern scanner has detected a bullish engulfing pattern for shares of Atlas Acquisition Holdings (AMEX: AXG) since the stock closed above $0.00.
Friday, this company traded 527,400 shares, versus the previous day's total volume of 0. Heavy volume increases the reliability of this bullish candlestick pattern.
SmarTrend issued an Uptrend alert on shares of Atlas Acquisition Holdings on July 30, 2009 at $9.81 per share (0% 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
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