SmarTrend's Candlestick Scanner Detects Bullish Inside Day Pattern for Retail HOLDRs Trust (RTH)
Tuesday, January 5, 2010 - 09:36
Written on Tue, 01/05/2010 - 9:36am
By Chip Brian

SmarTrend's candlestick pattern scanner detected a bullish inside day candle pattern for shares of Retail HOLDRs Trust (AMEX:RTH). Yesterday's price range of 93.96 and 94.63 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 Retail HOLDRs Trust 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 an Uptrend alert on shares of Retail HOLDRs Trust on June 02, 2009 at $81.20 per share (15.9% return since that call). This bullish candle pattern may point to a continuation of the previously called Uptrend.

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