Bullish Engulfing

This penny stocks scan finds penny stocks whose chart has shown signs of Bullish Engulfing. This chart signal suggests that the bulls have taken control of a security’s price movement from the bears. This type of pattern usually accompanies a declining trend in a security, suggesting that a low or end to a security's decline has occurred. However, as usual in candlestick analysis, the trader must take the preceding and following days' prices into account before making any decisions regarding the security.

RSI: Relative Strength Index; higher=more upward momentum | Price (ROC): Price (Rate of Change); higher=faster upward price change
Vol (ROC): Volume (Rate of Change); higher=greater upward volume movement

Bullish Engulfing (Scan Compiled Thursday, September 02, 2010 4:55 pm EST)

SYMB	Last	High	Low	$Chg	%Chg	Volume	RSI(15)	Price(ROC)	Vol(ROC)
LLNW	4.440	4.500	3.900	0.480	12.1%	1,738,122	68.39	12.12	782.74
NR	8.980	9.000	8.820	0.030	0.3%	871,592	65.33	7.29	35.30
DX	10.280	10.290	10.100	0.090	0.9%	244,860	63.45	1.28	100.21
FTK	1.550	1.670	1.420	0.120	8.4%	882,293	60.95	10.71	233.32
VG	2.280	2.280	2.130	0.120	5.6%	2,779,191	56.39	12.32	59.31
IMAX	14.960	15.000	14.320	0.570	4.0%	508,284	55.66	5.95	-36.42
EXTR	2.850	2.850	2.750	0.060	2.2%	178,866	53.42	-2.06	-56.93
PQ	6.130	6.150	5.980	0.090	1.5%	529,248	52.55	2.34	-10.18
XIN	2.690	2.690	2.570	0.100	3.9%	94,894	52.05	2.28	-45.05
S	4.340	4.380	4.120	0.200	4.8%	50,966,604	51.29	8.50	-1.36
MOPN	0.100	0.100	0.080	0.010	12.4%	459,856	50.20	0.00	-80.47
JTX	0.920	0.950	0.750	0.110	13.6%	1,276,843	50.17	17.95	334.15
SEED	7.420	7.470	7.210	0.190	2.6%	445,364	41.92	-9.40	-65.30
VITC	6.720	7.020	5.570	1.120	20.0%	660,674	41.91	12.94	104.67
NVLT	0.050	0.050	0.040	0.000	6.4%	410,960	38.00	0.00	-10.07