SmarTrend's candlestick pattern scanner has detected a potential bullish engulfing pattern for shares of Mueller Water Products (NYSE:MWA) if they close above $4.55 today.

Thus far today, this company has traded 1,562,352 shares, versus yesterday's total volume of 1,760,422. Heavy volume increases the reliability of this bullish candlestick pattern.

SmarTrend issued a Downtrend alert on shares of Mueller Water Products on November 02, 2009 at $4.42 per share (2.7% retracement since that call). This bullish candle pattern may point to a reversal of the previously called Downtrend.

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