Recognia has detected an "Outside Bar (Bearish)" chart pattern formed on POWERSHARES S&P 500R LOW VOLATILITY PORTFOLIO (SPLV:NYSE). This bearish signal indicates that the stock price may fall from the close of $47.11.
Tells Me: The recent rally is showing signs of exhaustion; we may see lower prices at least in the short term. An Outside Bar (Bearish) develops during a strong uptrend when the trading range completely encompasses the range of the prior bar. This signals an exhaustion of the prior uptrend and potentially a reversal.