SmarTrend's candlestick pattern scanner has detected a potential bullish engulfing pattern for shares of Ceragon Networks (NASDAQ:CRNT) if they close above $9.50 today.

Thus far today, this company has traded 98,634 shares, versus yesterday's total volume of 219,996. Heavy volume increases the reliability of this bullish candlestick pattern.

SmarTrend issued a Downtrend alert on shares of Ceragon Networks on November 02, 2009 at $9.14 per share (3.7% retracement since that call). This bullish candle pattern may point to a reversal of the previously called Downtrend.

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