[November 25, 2009] SmarTrend's Candlestick Scanner Detects Possible Bearish Engulfing Pattern for Regal Entertainment Group (RGC) Tweet Nov 25, 2009 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend's candlestick pattern scanner has detected a potential bearish engulfing pattern for shares of Regal Entertainment Group (NYSE:RGC) if they close below $13.54 today. Thus far today (12:13PM), this company has traded 266,354 shares, versus yesterday's total volume of 1,275,021. Heavy volume increases the reliability of this bearish candlestick pattern. SmarTrend issued an Uptrend alert on shares of Regal Entertainment Group on November 02, 2009 at $12.72 per share (6.2% return since that call). This bearish candle pattern may point to a reversal of the previously called Uptrend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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.TradeTheTrend.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.TradeTheTrend.com/signup.html [ Back To TMCnet.com's Homepage ]