SmarTrend's Candlestick Scanner Detects Bullish Harami Pattern for Ethan Allen Interiors (ETH)
Monday, March 8, 2010 - 08:44
Written on Mon, 03/08/2010 - 8:44am
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a bullish harami candle pattern for shares of Ethan Allen Interiors (NYSE:ETH).
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 644,065 shares, versus the previous day's total volume of 1,074,543. Decreased volume also is an indicator that the selling pressure may have subsided.
SmarTrend issued an Uptrend alert on shares of Ethan Allen Interiors on December 23, 2009 at $13.60 per share (47.5% return since that call). This bullish candle pattern may point to a continuation of the previously called Uptrend.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): ETH

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