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SmarTrend's Candlestick Scanner Detects Possible Bullish Engulfing Pattern for athenahealth (ATHN)

Written on Fri, 07/30/2010 - 1:52pm
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a potential bullish engulfing pattern for shares of athenahealth (NASDAQ:ATHN) if the stock closes above $27.31 today.
Thus far today (2:55PM), this company has traded 423,077 shares, versus yesterday's total volume of 700,400. Heavy volume increases the reliability of this bullish candlestick pattern.
SmarTrend issued an Uptrend alert on shares of athenahealth on July 27, 2010 at $27.42 per share (1.3% retracement since that call). This bullish candle pattern may point to a continuation of the previously called Uptrend.

Keywords: Stock research report chart fundamental technical analysis

Ticker(s): ATHN

Contact Chip Brian



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