SmarTrend's Candlestick Scanner Detects Bullish Engulfing Pattern for HMS Holdings (HMSY)
Monday, March 8, 2010 - 09:41
Written on Mon, 03/08/2010 - 9:41am
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a bullish engulfing pattern for shares of HMS Holdings (NASDAQ:HMSY) since the stock closed above $46.27.
Friday, this company traded 272,947 shares, versus the previous day's total volume of 151,146. Heavy volume increases the reliability of this bullish candlestick pattern.
SmarTrend issued an Uptrend alert on shares of HMS Holdings on February 18, 2010 at $47.23 per share (1.6% retracement since that call). This bullish candle pattern may point to a continuation of the previously called Uptrend.

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