SmarTrend's candlestick pattern scanner detected a bullish inside day candle pattern for shares of PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio PXF. Friday's price range of 37.07 and 37.48 is within the previous day's price range.
This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend.
Traders and investors interested in shares of PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.
SmarTrend issued an Uptrend alert on shares of PowerShares FTSE RAFI Developed Markets ex-U.S. Portfolio on March 10, 2010 at $37.55 per share (1% retracement since that call). This bullish candle pattern may point to a continuation of the previously called Uptrend.
Write to Chip Brian at cbrian@tradethetrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.