Don't Ignore This Chart!

Edwards Follows through on Candlestick Reversal Pattern


Edwards Life Sciences (EW) has been underperforming the biotech group for over a year, but the stock showed signs of buying interest with a bullish engulfing on high volume and follow through surge on Wednesday. Also note that support in the 65 area extends back to May and the stock formed a higher low by remaining above its December low. Check the predefined scans page for more signals.

Click this image for a live chart

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
Subscribe to Don't Ignore This Chart! to be notified whenever a new post is added to this blog!
comments powered by Disqus