SmarTrend's Candlestick Scanner Detects Bearish Engulfing Pattern for Perrigo (PRGO)
Thursday, March 18, 2010 - 07:33
Written on Thu, 03/18/2010 - 7:33am
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a bearish engulfing pattern for shares of Perrigo (NASDAQ:PRGO) since the stock closed below $50.97.
Yesterday, this company traded 1,683,875 shares, versus the previous day's total volume of 458,164. Heavy volume increases the reliability of this bearish candlestick pattern.
SmarTrend issued an Uptrend alert on shares of Perrigo on March 16, 2009 at $22.64 per share (121.1% 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): PRGO

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