Candlesticks - Bearish Engulfing Interactive Brokers | Candlesticks

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Candlesticks - Bearish Engulfing Interactive Brokers

Published on Tuesday, 18 September 2012 05:00 Written by TradersHuddle Wire

ibkr New York, September 18th (TradersHuddle.com) - Shares of Interactive Brokers Group, Inc. (NASDAQ:IBKR) ended the trading session lower by $0.17 or -1.17% from its previous close. Interactive Brokers' price action formed what is considered to be a bearish engulfing candlestick chart pattern.

Interactive Brokers Group, Inc. (NASDAQ:IBKR) is an automated global electronic market maker and broker specializing in routing orders and executing and processing trades in securities, futures, and foreign exchange instruments.

Interactive Brokers' current stock range is determined by calculated support defined at $13.20 and by the resistance level at $14.44, which should be used by traders planning their next move.

If traders want to establish a position in Interactive Brokers, they need to pay close attention at the bearish engulfing pattern, since it could mark a trend reversal in the current price action. The Bearish engulfing pattern is a leading warning sign; therefore, traders should closely monitor Interactive Brokers for indications of a trend reversal. Below an Engulfing Bearish Candle Illustration:

Note - Automated Content Created By TradersHuddle's Technical Scanner

Interactive Brokers Group, Inc. Receives NASDAQ Notice of Non-Compliance with Listing Rules - Benzinga
UPDATE: Stifel Nicolaus Downgrades Interactive Brokers Group to Hold on Weakening Core Brokerage Metrics - Benzinga
Investing In Your Broker - Investopedia
Interactive Brokers Group Stock To Go Ex-dividend Tomorrow (IBKR) - TheStreet.com
Interactive Brokers Group Receives NASDAQ Notice of Non-Compliance with Listing Rules - Benzinga
Interactive Brokers Group Reports Brokerage Metrics for April 2012; DARTs up 2% YoY - Benzinga
Interactive Brokers Group Stock Falls On Unusually High Volume (IBKR) - TheStreet.com
Interactive Brokers Group Stock To Go Ex-dividend Tomorrow (IBKR) - TheStreet.com
UPDATE: Stifel Nicolaus Initiates Buy, $20 PT on Interactive Brokers Group - Benzinga
Interactive Brokers Group Stock To Go Ex-dividend Tomorrow (IBKR) - TheStreet.com

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