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SmarTrend's Candlestick Scanner Detects Possible Bullish Piercing Line Pattern for HMS Holdings (HMSY)

Written on Fri, 07/30/2010 - 2:02pm
By Chip Brian

SmarTrend's candlestick pattern scanner has detected a potential bullish Piercing Line candle pattern for shares of HMS Holdings (NASDAQ:HMSY).
Today, the stock gapped down, but then encountered bargain hunters that pushed the stock higher.
Thus far today (3:04PM), this company has traded 497,061 shares, versus yesterday's total volume of 285,600. This bullish candle is more reliable if the gap down occurs at support and is accompanied by a surge in volume.
SmarTrend issued an Uptrend alert on shares of HMS Holdings on June 03, 2010 at $54.97 per share (0.2% 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): HMSY

Contact Chip Brian



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