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SmarTrend's Candlestick Scanner Detects Possible Bullish Engulfing Pattern for Dynavax Technologies (DVAX)

Written on Thu, 06/24/2010 - 1:56pm
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a potential bullish engulfing pattern for shares of Dynavax Technologies (NASDAQ:DVAX) if the stock closes above $1.87 today.
Thus far today (2:55PM), this company has traded 279,243 shares, versus yesterday's total volume of 343,200. Heavy volume increases the reliability of this bullish candlestick pattern.
SmarTrend issued an Uptrend alert on shares of Dynavax Technologies on December 10, 2009 at $1.73 per share (4.6% return 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): DVAX

Contact Chip Brian



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