SmarTrend's candlestick pattern scanner has detected a potential bullish engulfing pattern for shares of Prestige Brands Holdings (NYSE:PBH) if they close above $6.95 today.

Thus far today, this company has traded 133,577 shares, versus yesterday's total volume of 163,039. Heavy volume increases the reliability of this bullish candlestick pattern.

SmarTrend issued a Downtrend alert on shares of Prestige Brands Holdings on October 28, 2009 at $6.84 per share (0.1% retracement since that call). This bullish candle pattern may point to a reversal of the previously called Downtrend.

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