TNS Inc forms bearish "Engulfing Line" chart pattern

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New York, NY. An "Engulfing Line (Bearish)" candlestick pattern has formed on TNS Inc (TNS on NYSE). An Engulfing Line (Bearish) indicates a possible end to the current uptrend to a new downtrend. This pattern is an indication of a financial instrument's SHORT-TERM outlook. This bearish signal indicates that the stock price may fall from today's close of 13.63. Today's trading volume was 48,100 shares.

The Engulfing Line (Bearish) occurs when the Real Body for a price bar is larger than the Real Body for the previous price bar. In addition, for an Engulfing Line (Bearish), the Real Body of the previous session must be White (close higher than open) and the Real Body of the second session must be Black (close lower than open).

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