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SmarTrend's Candlestick Scanner Detects Bullish Engulfing Pattern for Medis Technologies (MDTL)

Written on Fri, 05/07/2010 - 6:33am
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a bullish engulfing pattern for shares of Medis Technologies (NASDAQ:MDTL) since the stock closed above $0.00.
Yesterday, this company traded 161,165 shares, versus the previous day's total volume of 0. Heavy volume increases the reliability of this bullish candlestick pattern.
SmarTrend issued a Downtrend alert on shares of Medis Technologies on October 28, 2009 at $0.20 per share (67.5% 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): MDTL

Contact Chip Brian



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