ARTICLE SYNOPSIS...Big Lots broke out to a new high at the end of May, but a massive bearish engulfing pattern triggered a bull trap, and the forecast is for further downside.
ARTICLE SYNOPSIS...A negative divergence and a bearish engulfing at resistance spell reversal for Alltel.
ARTICLE SYNOPSIS...The euro remains at lofty levels and the emergence of a second bearish engulfing pattern within a few weeks suggests a correction is warranted.
ARTICLE SYNOPSIS...Home Depot encountered some aggressive profit-taking -- in line with other retailers -- to complete a bearish engulfing pattern on the daily chart.
ARTICLE SYNOPSIS...This pattern indicates weakness in the short term.