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Thursday, June 30, 2011

Downward Wedge Detected: (ALXN), (STV), (HBAN), (KEY), (TCK)

Downward wedge patterns have been noticed on June 30 for the stocks Alexion Pharmaceuticals, Inc, China Digital TV Holding Co., Ltd, Huntington Bancshares Inc, KeyCorp, and Teck Resources Limited. The price range of these stocks is getting more narrow as the downward trend continues, thus signally the trend is losing steam. This sends a bullish signal to investors as the downward trend is ending.

Shares of Alexion Pharmaceuticals, Inc (ALXN) traded higher by 0.77% or $0.36/share to $47.14. In the past year, the shares have traded as low as $24.31 and as high as $52.50. On average, 1576190 shares of ALXN exchange hands on a given day and today's volume is recorded at 502358.

Shares of China Digital TV Holding Co., Ltd (STV) fell by 0.98% or $-0.05/share to $5.06. In the past year, the shares have traded as low as $4.94 and as high as $9.49. On average, 233180 shares of STV exchange hands on a given day and today's volume is recorded at 57331.

Shares of Huntington Bancshares Inc (HBAN) traded higher by 0.31% or $0.02/share to $6.56. In the past year, the shares have traded as low as $5.01 and as high as $7.68. On average, 12987480 shares of HBAN exchange hands on a given day and today's volume is recorded at 5560197.

Shares of KeyCorp (KEY) traded higher by 0.72% or $0.06/share to $8.35. In the past year, the shares have traded as low as $7.08 and as high as $9.72. On average, 12432280 shares of KEY exchange hands on a given day and today's volume is recorded at 7483261.

Shares of Teck Resources Limited (TCK) traded higher by 1.48% or $0.74/share to $50.77. In the past year, the shares have traded as low as $28.04 and as high as $64.94. On average, 3680010 shares of TCK exchange hands on a given day and today's volume is recorded at 1829688.