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DDR Corp. Message Board

  • jetsfan1984 jetsfan1984 Feb 2, 2010 10:04 AM Flag

    Bullish Pattern developing for DDR

    SmarTrend's candlestick pattern scanner has detected a bullish harami candle pattern for shares of Developers Diversified Realty (NYSE:DDR).

    Yesterday's real body is within the previous day's body and may imply that traders and investors believe that the recent move lower is exhausted.

    A green candle today would confirm this trend reversal. Also, the narrower the green real body today, the more reliable the harami.

    Yesterday, this company traded 3,557,471 shares, versus the previous day's total volume of 6,317,042. Decreased volume also is an indicator that the selling pressure may have subsided.

    SmarTrend issued an Uptrend alert on shares of Developers Diversified Realty on November 13, 2009 at $9.47 per share (11.7% retracement since that call). This bullish candle pattern may point to a continuation of the previously called Uptrend.

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15.02-0.09(-0.60%)Sep 3 4:03 PMEDT