SmarTrend's Candlestick Scanner Detects Bearish Engulfing Pattern for Synaptics (SYNA)
Tuesday, March 9, 2010 - 08:36
Written on Tue, 03/09/2010 - 8:36am
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a bearish engulfing pattern for shares of Synaptics (NASDAQ:SYNA) since the stock closed below $26.48.
Yesterday, this company traded 569,498 shares, versus the previous day's total volume of 418,398. Heavy volume increases the reliability of this bearish candlestick pattern.
SmarTrend issued a Downtrend alert on shares of Synaptics on January 26, 2010 at $25.79 per share (1.6% retracement since that call). This bearish candle pattern may point to a continuation of the previously called Downtrend.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): SYNA

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