Navigate this market better. Subscribe for FREE stock alerts and information.

Monday, June 20, 2011

Downward Wedge Detected: (VLO), (SBGI), (ENS), (WG), (MOVE)

Downward wedge patterns have been noticed on June 20 for the stocks Valero Energy Corp, Sinclair Broadcast Group Inc, EnerSys, Willbros Group Inc, and Move, Inc. 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 Valero Energy Corp (VLO) traded higher by 0.29% or $0.07/share to $24.17. In the past year, the shares have traded as low as $15.39 and as high as $31.06. On average, 10314700 shares of VLO exchange hands on a given day and today's volume is recorded at 5365592.

Shares of Sinclair Broadcast Group Inc (SBGI) traded higher by 1.73% or $0.17/share to $10.01. In the past year, the shares have traded as low as $5.13 and as high as $12.85. On average, 542710 shares of SBGI exchange hands on a given day and today's volume is recorded at 392748.

Shares of EnerSys (ENS) traded higher by 0.61% or $0.19/share to $31.44. In the past year, the shares have traded as low as $20.74 and as high as $40.32. On average, 329390 shares of ENS exchange hands on a given day and today's volume is recorded at 351972.

Shares of Willbros Group Inc (WG) traded higher by 1.29% or $0.10/share to $7.85. In the past year, the shares have traded as low as $6.80 and as high as $12.55. On average, 370240 shares of WG exchange hands on a given day and today's volume is recorded at 164249.

Shares of Move, Inc (MOVE) fell by 2.51% or $-0.05/share to $1.94. In the past year, the shares have traded as low as $1.80 and as high as $2.89. On average, 1302290 shares of MOVE exchange hands on a given day and today's volume is recorded at 2814449.