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Market Vectors Biotech ETF Message Board

  • brucebob13207 brucebob13207 Nov 1, 2010 2:32 PM Flag

    More dumbtrend

    SmarTrend's Candlestick Scanner Detects Possible Bearish Harami Pattern for Aastrom Biosciences (ASTM)
    Friday 10/29/2010 2:58 PM ET - Comtex Smartrend(r)

    Related Companies
    Symbol Last %Chg
    ASTM 2.59 27.59%

    As of 2:27 PM ET 11/1/10
    SmarTrend's candlestick pattern scanner has detected a potential bearish harami candle pattern for shares of Aastrom Biosciences (NASDAQ:ASTM).

    Today's real body is within yesterday's body and may imply that traders and investors believe that the recent uptrend may be nearing an end.

    A move down tomorrow would confirm this trend reversal. Also, the narrower the red body today, the more reliable the harami.

    Thus far today (2:58PM), this company has traded 2,436,740 shares, versus yesterday's total volume of 3,888,714. Decreased volume also is an indicator that the buying momentum may have subsided.

 
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