[November 20, 2009] SmarTrend's Candlestick Scanner Detects Possible Bullish Engulfing Pattern for Ceragon Networks (CRNT) Tweet Nov 20, 2009 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend's candlestick pattern scanner has detected a potential bullish engulfing pattern for shares of Ceragon Networks (NASDAQ:CRNT) if they close above $9.50 today. Thus far today, this company has traded 98,634 shares, versus yesterday's total volume of 219,996. Heavy volume increases the reliability of this bullish candlestick pattern. SmarTrend issued a Downtrend alert on shares of Ceragon Networks on November 02, 2009 at $9.14 per share (3.7% retracement since that call). This bullish candle pattern may point to a reversal of the previously called Downtrend. 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 ]