SmarTrend's candlestick pattern scanner has detected a potential bullish engulfing pattern for shares of ICU Medical (NASDAQ:ICUI) if they close above $33.29 today.

Thus far today (1:42PM), this company has traded 97,377 shares, versus yesterday's total volume of 144,370. Heavy volume increases the reliability of this bullish candlestick pattern.

SmarTrend issued a Downtrend alert on shares of ICU Medical on November 20, 2009 at $33.67 per share (1.4% return since that call). This bullish candle pattern may point to a reversal of the previously called Downtrend.

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