SmarTrend's Candlestick Scanner Detects Bullish Harami Pattern for Stericycle (SRCL)
Tuesday, March 2, 2010 - 09:43
Written on Tue, 03/02/2010 - 9:43am
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a bullish harami candle pattern for shares of Stericycle (NASDAQ:SRCL).
Yesterday's real body is within the previous day's body and may imply that traders and investors believe that the recent move lower is exhausted.
A green candle today would confirm this trend reversal. Also, the narrower the green real body yesterday, the more reliable the harami.
Yesterday, this company traded 405,337 shares, versus the previous day's total volume of 718,408. Decreased volume also is an indicator that the selling pressure may have subsided.
SmarTrend issued an Uptrend alert on shares of Stericycle on February 19, 2010 at $53.92 per share (3.1% return since that call). This bullish candle pattern may point to a continuation of the previously called Uptrend.

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