[November 20, 2009] SmarTrend's Candlestick Scanner Detects Possible Bullish Engulfing Pattern for Research In Motion (RIMM) Tweet Nov 20, 2009 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend's candlestick pattern scanner has detected a potential bullish engulfing pattern for shares of Research In Motion (NASDAQ:RIMM) if they close above $59.60 today. Thus far today, this company has traded 12,922,882 shares, versus yesterday's total volume of 13,898,431. Heavy volume increases the reliability of this bullish candlestick pattern. SmarTrend issued an Uptrend alert on shares of Research In Motion on November 11, 2009 at $64.48 per share (7.8% retracement since that call). This bullish candle pattern may point to a continuation 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 ]