Safeway Waterfront Blues Festival

New York, April 21 - Shares of Safeway Inc (NYSE: SWY) ended the trading session lower by $ 0.23, or -0.92% from the previous close. Prices Safeway has developed what may be regarded as a reversal pattern in the form of tweezers bottom candlestick is a pattern that is usually formed at the end of a downtrend. Tweezers bottom is a reversal, so traders need to control the price confirmation.

Safeway Inc (NYSE: SWY) operates a grocery and pharmacy chain in the U.S. and Canada. The company also has a distribution network, production facilities and the food industry. Its retail operations are located in California, Oregon, Washington, Alaska, Colorado, Arizona, Texas, the Chicago metropolitan area and Mid-Atlantic region, British Columbia, Alberta and Manitoba / Saskatchewan.

Traders looking for record in Safeway, you can use tweezers, as a good starting point for creating long positions as pattern provides a certain risk, giving a good starting point for support.

Traders are always looking for tweezers grounds because they provide a record low risk are defined, they are a leading indicator, which provides an alert for a trend reversal or stabilization. Tweezers that brings or sellers are not able to push the shares lower, thus providing an opportunity to search for failures. Below is an example of a model Tweezer Bottom Treatment: