SmarTrend's Candlestick Scanner Detects Bearish Inside Day Pattern for LKQ (LKQX)
Thursday, March 11, 2010 - 08:32
Written on Thu, 03/11/2010 - 8:32am
By Chip Brian

SmarTrend's candlestick pattern scanner detected a bearish inside day candle pattern for shares of LKQ (NASDAQ:LKQX). Yesterday's price range of 20.23 and 20.56 is within the previous day's price range.
This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend.
Owners of LKQ may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.
SmarTrend issued an Uptrend alert on shares of LKQ on March 03, 2010 at $19.81 per share (3.7% return since that call). This bearish candle pattern may point to a reversal of the previously called Uptrend.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): LKQX

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