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SmarTrend's Candlestick Scanner Detects Possible Bullish Engulfing Pattern for ActivIdentity (ACTI)

Written on Fri, 07/30/2010 - 1:56pm
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a potential bullish engulfing pattern for shares of ActivIdentity (NASDAQ:ACTI) if the stock closes above $1.99 today.
Thus far today (2:55PM), this company has traded 30,493 shares, versus yesterday's total volume of 118,100. Heavy volume increases the reliability of this bullish candlestick pattern.
SmarTrend issued a Downtrend alert on shares of ActivIdentity on May 07, 2010 at $2.49 per share (22.1% 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): ACTI

Contact Chip Brian



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