SmarTrend's Candlestick Scanner Detects Bullish Engulfing Pattern for The Knot (KNOT)
Thursday, March 18, 2010 - 07:40
Written on Thu, 03/18/2010 - 7:40am
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a bullish engulfing pattern for shares of The Knot (NASDAQ:KNOT) since the stock closed above $7.58.
Yesterday, this company traded 184,876 shares, versus the previous day's total volume of 101,343. Heavy volume increases the reliability of this bullish candlestick pattern.
SmarTrend issued a Downtrend alert on shares of The Knot on November 02, 2009 at $10.53 per share (27.4% return since that call). This bullish candle pattern may point to a reversal of the previously called Downtrend.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): KNOT

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