SMARTREND NEWS & MARKET ANALYSIS
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Technical Analysis
SmarTrend's Candlestick Scanner Detects Possible Bullish Engulfing Pattern for AZZ Inc (AZZ) - 11/20/2009 3:07:42 PM

SmarTrend's candlestick pattern scanner has detected a potential bullish engulfing pattern for shares of AZZ Inc (NYSE:AZZ) if they close above $33.08 today.

Thus far today, this company has traded 102,906 shares, versus yesterday's total volume of 196,269. Heavy volume increases the reliability of this bullish candlestick pattern.

SmarTrend issued a Downtrend alert on shares of AZZ Inc on October 28, 2009 at $34.91 per share (3.8% return since that call). This bullish candle pattern may point to a reversal of the previously called Downtrend.


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