Don't Ignore This Chart!

Bearish Engulfing Scan Fills up as Stocks Decline Sharply


There are over 200 stocks across the various exchanges on Wednesday's bearish engulfing scan. From the NYSE, FedEx (FDX) formed a bearish engulfing on the first day of the month in both May and June. Wednesday's big bearish engulfing occurred on expanding volume.

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Arthur Hill
About the author: , CMT, is the Chief Technical Strategist at Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London. Learn More
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