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Friday, June 24, 2011

Downward Wedge Detected: (CGR), (BSFT), (KLAC), (KEY), (ORBK)

Downward wedge patterns have been noticed on June 24 for the stocks Claude Resources, Inc, BroadSoft, Inc, KLA-Tencor Corporation, KeyCorp, and Orbotech Ltd. 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 Claude Resources, Inc (CGR) remained unchanged at $1.85. In the past year, the shares have traded as low as $0.96 and as high as $2.91. On average, 358990 shares of CGR exchange hands on a given day and today's volume is recorded at 76775.

Shares of BroadSoft, Inc (BSFT) fell by 1.14% or $-0.41/share to $35.63. In the past year, the shares have traded as low as $7.34 and as high as $55.45. On average, 870160 shares of BSFT exchange hands on a given day and today's volume is recorded at 284579.

Shares of KLA-Tencor Corporation (KLAC) fell by 1.75% or $-0.69/share to $38.77. In the past year, the shares have traded as low as $26.23 and as high as $51.54. On average, 2395300 shares of KLAC exchange hands on a given day and today's volume is recorded at 1757316.

Shares of KeyCorp (KEY) fell by 1.85% or $-0.15/share to $7.94. In the past year, the shares have traded as low as $7.08 and as high as $9.72. On average, 12638110 shares of KEY exchange hands on a given day and today's volume is recorded at 11271875.

Shares of Orbotech Ltd (ORBK) fell by 1.60% or $-0.20/share to $12.33. In the past year, the shares have traded as low as $9.15 and as high as $15.62. On average, 186570 shares of ORBK exchange hands on a given day and today's volume is recorded at 73960.