View: Bearish Candlestick Reversal Patterns 12-10-12 - Stocks To Buy Forum

SWHC - Right out of the textbooks. It broke the prior resistance by only $.01 before selling off violently, locking in a clear MACD Divergence. Volume was more than double yesterday's volume, which is incredibly bearish. They released their earnings report too. The gap up was probably because of a "good" earnings report. However, when the market opened, the selling immediately hit the tap. If good news couldn't get this stock to break resistance, what happens if bad news comes out? Be careful with this one, we could see a sharp sell-off in this one over the next few weeks.