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Monday, June 20, 2011

Downward Wedge Patterns Shown in Stocks: (STM), (SFNC), (GPL), (ASML), (ELX)

Downward wedge patterns have been noticed on June 20 for the stocks STMicroelectronics NV, Simmons First National Corporation, Great Panther Silver Ltd, ASML Holding NV, and Emulex Corp. 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 STMicroelectronics NV (STM) traded higher by 0.31% or $0.03/share to $9.71. In the past year, the shares have traded as low as $6.42 and as high as $13.53. On average, 1750720 shares of STM exchange hands on a given day and today's volume is recorded at 855897.

Shares of Simmons First National Corporation (SFNC) traded higher by 0.67% or $0.17/share to $25.37. In the past year, the shares have traded as low as $23.51 and as high as $29.72. On average, 33700 shares of SFNC exchange hands on a given day and today's volume is recorded at 7435.

Shares of Great Panther Silver Ltd (GPL) traded higher by 7.59% or $0.23/share to $3.26. In the past year, the shares have traded as low as $0.64 and as high as $5.04. On average, 3406270 shares of GPL exchange hands on a given day and today's volume is recorded at 2239700.

Shares of ASML Holding NV (ASML) fell by 0.90% or $-0.32/share to $35.06. In the past year, the shares have traded as low as $24.31 and as high as $45.32. On average, 2651400 shares of ASML exchange hands on a given day and today's volume is recorded at 1043727.

Shares of Emulex Corp (ELX) traded higher by 0.12% or $0.01/share to $8.09. In the past year, the shares have traded as low as $8.02 and as high as $12.97. On average, 1071940 shares of ELX exchange hands on a given day and today's volume is recorded at 445836.