SmarTrend's candlestick pattern scanner has detected a potential bearish engulfing pattern for shares of STEC (NASDAQ:STEC) if they close below $12.70 today.

Thus far today (1:42PM), this company has traded 6,523,025 shares, versus yesterday's total volume of 7,464,416. Heavy volume increases the reliability of this bearish candlestick pattern.

SmarTrend issued a Downtrend alert on shares of STEC on September 18, 2009 at $31.40 per share (59.6% return since that call). This bearish candle pattern may point to a continuation of the previously called Downtrend.

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