SmarTrend's candlestick pattern scanner has detected a bearish harami candle pattern for shares of Digi International (NASDAQ:DGII).

Yesterday's real body is within the previous day's body and may imply that traders and investors believe that the recent uptrend may be nearing an end.

A move down today would confirm this trend reversal. Also, the narrower the red body today, the more reliable the harami.

Yesterday, this company traded 110,714 shares, versus the previous day's total volume of 97,267. Decreased volume also is an indicator that the buying momentum may have subsided.

SmarTrend issued an Uptrend alert on shares of Digi International on December 15, 2009 at $8.56 per share (10.3% return since that call). This bearish candle pattern may point to a reversal of the previously called Uptrend.

Contact Chip Brian

SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.TradeTheTrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at www.TradeTheTrend.com/signup.html