SmarTrend's Candlestick Scanner Detects Bullish Harami Pattern for Desarrolladora Homex SAB de CV (HXM)
Thursday, March 4, 2010 - 09:41
Written on Thu, 03/04/2010 - 9:41am
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a bullish harami candle pattern for shares of Desarrolladora Homex SAB de CV (NYSE:HXM).
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 302,210 shares, versus the previous day's total volume of 516,465. Decreased volume also is an indicator that the selling pressure may have subsided.
SmarTrend issued a Downtrend alert on shares of Desarrolladora Homex SAB de CV on February 24, 2010 at $27.36 per share (0.6% retracement since that call). This bullish candle pattern may point to a reversal of the previously called Downtrend.

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