Nov 24, 2009 (SmarTrend(R) Spotlight via COMTEX) ----SmarTrend's candlestick pattern scanner has detected a potential bearish engulfing pattern for shares of Genesco (NYSE:GCO) if they close below $28.25 today.

Thus far today (11:06AM), this company has traded 465,720 shares, versus yesterday's total volume of 351,230. Heavy volume increases the reliability of this bearish candlestick pattern.

SmarTrend issued an Uptrend alert on shares of Genesco on July 31, 2009 at $21.64 per share (22.7% return since that call). This bearish candle pattern may point to a reversal of the previously called Uptrend.

Write to Chip Brian at cbrian@tradethetrend.com

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Copyright, Comtex News Network, Inc. 2009
   
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   As of Friday, 11-20-2009 23:59, the latest Comtex SmarTrend� Alert, 
   an automated pattern recognition system, indicated an UPTREND on 
   07-31-2009 for GCO @ $21.64.
   
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