SmarTrend's Candlestick Scanner Detects Bearish Harami Pattern for Aegon (AEG)
Tuesday, March 9, 2010 - 09:41
Written on Tue, 03/09/2010 - 9:41am
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a bearish harami candle pattern for shares of Aegon (NYSE:AEG).
Yesterday's real body is within the previous day's body and may imply that traders and investors believe that the recent uptrend may be nearing an end.
A move down today would confirm this trend reversal. Also, the narrower the red body yesterday, the more reliable the harami.
Yesterday, this company traded 427,229 shares, versus the previous day's total volume of 524,486. Decreased volume also is an indicator that the buying momentum may have subsided.
SmarTrend issued a Downtrend alert on shares of Aegon on January 21, 2010 at $6.29 per share (4% retracement since that call). This bearish candle pattern may point to a continuation of the previously called Downtrend.

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