SmarTrend's Candlestick Scanner Detects Bearish Harami Pattern for Digi International (DGII)
Friday, March 12, 2010 - 08:47
Written on Fri, 03/12/2010 - 8:47am
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a bearish harami candle pattern for shares of Digi International (NASDAQ:DGII).
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 121,545 shares, versus the previous day's total volume of 385,486. Decreased volume also is an indicator that the buying momentum may have subsided.
SmarTrend issued an Uptrend alert on shares of Digi International on December 15, 2009 at $8.56 per share (40.8% 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): DGII

Contact Chip Brian



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