SmarTrend's Candlestick Scanner Detects Bullish Harami Pattern for Swift Energy (SFY)
Monday, March 8, 2010 - 09:43
Written on Mon, 03/08/2010 - 9:43am
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a bullish harami candle pattern for shares of Swift Energy (NYSE:SFY).
Friday'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.
Friday, this company traded 683,016 shares, versus the previous day's total volume of 469,681. Decreased volume also is an indicator that the selling pressure may have subsided.
SmarTrend issued an Uptrend alert on shares of Swift Energy on July 23, 2009 at $17.78 per share (80.3% return since that call). This bullish candle pattern may point to a continuation of the previously called Uptrend.

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