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 Friday, February 03, 2012 4:55 pm EST)

SYMB	Last	High	Low	$Chg	%Chg	Volume	RSI(15)	Price(ROC)	Vol(ROC)
SBRA	14.450	14.490	14.280	0.080	0.6%	171,932	73.60	0.28	-47.23
LNG	12.830	12.900	12.400	0.200	1.6%	4,766,555	72.14	1.02	-58.50
RTK	1.850	1.880	1.770	0.050	2.8%	4,262,444	71.63	6.32	190.34
ING	9.850	9.860	9.700	0.110	1.1%	2,300,962	69.85	11.30	-69.75
ATML	10.360	10.530	9.860	0.260	2.6%	13,516,426	63.48	4.02	51.32
GTIV	7.650	7.750	7.520	0.070	0.9%	542,140	61.72	6.25	8.51
NBS	0.670	0.670	0.620	0.040	6.4%	449,113	58.96	9.84	13.47
COMV	1.420	1.500	1.320	0.080	6.0%	529,971	57.53	5.97	349.51
SINX	0.050	0.050	0.050	0.000	8.4%	324,975	54.05	11.14	130.81
SCHS	3.250	3.260	2.940	0.160	5.2%	251,776	53.53	-1.81	-42.80
CLKZ	0.001	0.001	0.001	0.000	0.0%	746,281	48.44	25.00	6,119.01
WSGI	0.050	0.050	0.040	0.010	9.3%	289,828	47.33	-6.00	-2.32
SFMI	0.050	0.050	0.040	0.010	16.2%	1,106,438	44.51	-0.42	-45.08
HPGS	0.070	0.070	0.060	0.010	7.7%	207,496	44.23	4.48	-45.58
TI.A	8.520	8.590	8.340	0.100	1.2%	225,540	41.06	0.12	-11.86