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Wednesday, June 22, 2011

Downward Wedge Detected: (MOVE), (WG), (TSO), (CIS), (XRA)

Downward wedge patterns have been noticed on June 22 for the stocks Move, Inc, Willbros Group Inc, Tesoro Corporation, Camelot Information Systems Inc, and Exeter Resource Corporation. 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 Move, Inc (MOVE) traded higher by 0.49% or $0.01/share to $2.06. In the past year, the shares have traded as low as $1.80 and as high as $2.89. On average, 1350470 shares of MOVE exchange hands on a given day and today's volume is recorded at 596596.

Shares of Willbros Group Inc (WG) fell by 1.39% or $-0.11/share to $7.83. In the past year, the shares have traded as low as $6.80 and as high as $12.55. On average, 331250 shares of WG exchange hands on a given day and today's volume is recorded at 125913.

Shares of Tesoro Corporation (TSO) traded higher by 1.10% or $0.24/share to $22.13. In the past year, the shares have traded as low as $10.40 and as high as $28.74. On average, 5322820 shares of TSO exchange hands on a given day and today's volume is recorded at 3670059.

Shares of Camelot Information Systems Inc (CIS) fell by 5.14% or $-0.82/share to $15.14. In the past year, the shares have traded as low as $12.75 and as high as $28.18. On average, 603390 shares of CIS exchange hands on a given day and today's volume is recorded at 243508.

Shares of Exeter Resource Corporation (XRA) traded higher by 0.23% or $0.01/share to $4.44. In the past year, the shares have traded as low as $4.32 and as high as $7.20. On average, 321060 shares of XRA exchange hands on a given day and today's volume is recorded at 290782.