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

Written on Thu, 07/22/2010 - 1:51pm
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a potential bullish engulfing pattern for shares of Medis Technologies (NASDAQ:MDTL) if the stock closes above $0.03 today.
Thus far today (2:55PM), this company has traded 9,828 shares, versus yesterday's total volume of 124,481. 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 (83% 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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