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

Monday, June 20, 2011

Downward Wedge Patterns Shown in Stocks: (THG), (GHL), (OYOG), (WBS), (SLB)

Downward wedge patterns have been noticed on June 20 for the stocks The Hanover Insurance Group Inc, Greenhill & Co., Inc, OYO Geospace Corp, Webster Financial Corp, and Schlumberger 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 The Hanover Insurance Group Inc (THG) fell by 2.13% or $-0.79/share to $36.26. In the past year, the shares have traded as low as $37.00 and as high as $48.33. On average, 382920 shares of THG exchange hands on a given day and today's volume is recorded at 560276.

Shares of Greenhill & Co., Inc (GHL) traded higher by 0.45% or $0.24/share to $53.65. In the past year, the shares have traded as low as $47.59 and as high as $83.28. On average, 360660 shares of GHL exchange hands on a given day and today's volume is recorded at 334663.

Shares of OYO Geospace Corp (OYOG) traded higher by 0.91% or $0.85/share to $93.95. In the past year, the shares have traded as low as $45.17 and as high as $109.99. On average, 63250 shares of OYOG exchange hands on a given day and today's volume is recorded at 50135.

Shares of Webster Financial Corp (WBS) traded higher by 0.39% or $0.08/share to $20.38. In the past year, the shares have traded as low as $15.49 and as high as $23.67. On average, 525160 shares of WBS exchange hands on a given day and today's volume is recorded at 172847.

Shares of Schlumberger Limited (SLB) traded higher by 0.53% or $0.43/share to $82.22. In the past year, the shares have traded as low as $52.46 and as high as $95.36. On average, 8436970 shares of SLB exchange hands on a given day and today's volume is recorded at 5356690.