Shooting Star Candlestick Patterns December 8 2015

What is a Shooting Star?

The shooting star pattern is a 1-bar candlestick pattern found at the end of an uptrend. In this pattern, the stock gaps up at the open and then rises up to a point well above where it started the day at. In general this pattern indicates that there is supply of the stock at this level and that the preceding rally is not sustainable.

American Homes 4 Rent (AMH) $16.14+0.29 (+1.83%)

Stock Price Quote as of Tue, Dec 8th, 2015
High 17.34 Low 16.10
17.55 52Wk High
(-8.03%)Since 01/13/15
15.09 52Wk Low
(+6.96%)Since 08/24/15
Open 16.31 Prev Close 15.85
Volume 4,710,647 Avg Volume 1,759,750
EPS -0.39 Div & Yield $0.20 (1.24%)
P/E Ratio 23.68 Market Cap $3.40 B
Weighted Alpha -4.60 Standard Dev +1.18
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