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Beta
Title
Last Update
5/24/2013
DRWI
DRAGONWAVE
SELL
Last Pattern: BEARISH ENGULFING
Last Close:
2.4400
Change:
-0.1300
Percent change
-5.06%
6 mo. Rating 4★
$100⇨ 172.60
12 mo. Rating 2★
$100⇨ 180.29
24 mo. Rating 3★
$100⇨ 812.36
Signal Update
Our system’s recommendation today is to SELL. The BEARISH ENGULFING pattern finally received a confirmation because the prices crossed the confirmation level which was at 2.5700, and our valid average selling price stands now at 2.5610. The previous BUY recommendation was issued on 5/15/2013, 9 days ago, when the stock price was 2.2855. Since then DRWI has risen by +12.05%.
Market Outlook
The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. The bearish pattern that was previously identified is finally confirmed and a SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.


Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern is characterized by a large black body engulfing a preceding smaller white body, which appears during an uptrend. The black body does not necessarily engulf the shadows of the white body but totally engulfs the body itself. This is an important top reversal signal. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
5/24/20132.5610SELL 812.36
5/15/20132.2855BUY 726.42
5/13/20132.1845SELL 727.88
4/24/20131.8400BUY 614.32
4/19/20131.8900SELL 615.55
4/12/20131.8690BUY 609.93
4/4/20131.6300SHORT 717.60
4/2/20131.6050BUY 709.43
3/25/20131.5700SHORT 728.52
3/11/20131.6500BUY 768.71
3/4/20132.0301SELL 770.25
2/27/20132.1951BUY 834.52
2/25/20132.1550SHORT 853.75
2/15/20132.3280BUY 925.99
2/12/20132.2100SHORT 982.15
2/6/20132.0850BUY 930.32
1/25/20132.2320SHORT 876.34
1/23/20132.3180BUY 913.76
1/8/20133.4700SELL 915.59
12/13/20122.2090BUY 584.03
12/4/20122.2910SELL 585.20
11/28/20121.8350BUY 469.66
11/14/20122.1201SHORT 415.65
11/12/20122.1699BUY 427.12
11/1/20122.4550SELL 427.98
10/26/20122.4700BUY 431.46
10/17/20122.3960SELL 432.32
10/15/20122.4640BUY 445.48
10/10/20122.2060SHORT 506.50
10/8/20122.1190BUY 488.48
9/24/20122.2200SELL 489.46
9/11/20122.4170BUY 533.96
8/31/20122.6370SELL 535.03
8/16/20122.3099BUY 469.60
8/10/20122.2611SHORT 481.88
8/7/20122.2539BUY 482.27
7/30/20122.5222SHORT 437.65
7/26/20122.5278BUY 440.38
7/16/20122.9410SHORT 387.68
7/9/20123.6450BUY 482.41
7/3/20123.6450SELL 483.38
6/29/20123.6250BUY 481.69
6/26/20123.5009SELL 482.66
6/20/20123.2550BUY 449.66
6/11/20123.2420SELL 450.56
5/16/20123.0899BUY 430.28
4/30/20123.9400SELL 431.14
4/25/20123.7300BUY 408.98
4/23/20123.5920SHORT 427.03
4/12/20123.6980BUY 441.40
4/3/20123.9000SHORT 421.35
3/16/20123.9000BUY 423.04
2/28/20124.7000SELL 423.89
2/14/20124.2700BUY 385.88
2/9/20124.5300SELL 386.65
1/23/20123.6199BUY 309.59
12/29/20113.4500SHORT 326.93
12/20/20113.8094BUY 362.44
12/5/20114.4650SHORT 317.30
11/28/20114.1150BUY 293.60
11/18/20114.8900SELL 294.19
11/16/20115.2000BUY 313.47
11/14/20115.0600SELL 314.10
10/26/20113.1000BUY 192.82
10/17/20113.3050SHORT 182.29
10/12/20113.2599BUY 180.52
9/29/20113.5705SHORT 166.74
9/27/20113.7195BUY 174.40
9/2/20114.3800SELL 174.75
8/25/20113.9400BUY 157.51
8/18/20113.9138SHORT 159.21
8/15/20113.8262BUY 156.27
8/1/20115.1404SHORT 124.95
7/26/20115.2300BUY 127.64
7/21/20115.3900SHORT 124.46
7/18/20115.2200BUY 121.02
7/12/20115.5400SELL 121.26
7/8/20115.7900BUY 126.99
7/6/20115.8401SELL 127.24
6/21/20115.2800BUY 115.27
5/26/20116.3801SHORT 98.71
5/24/20116.4249BUY 99.80
† Trade commissions taken as 0.20%.
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