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Wednesday, June 22, 2011

Downward Wedge Patterns Shown in Stocks: (TLP), (STM), (VALE), (STV), (KEY)

Downward wedge patterns have been noticed on June 22 for the stocks Transmontaigne Partners L.P, STMicroelectronics NV, Vale S.A, China Digital TV Holding Co., Ltd, and KeyCorp. 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 Transmontaigne Partners L.P (TLP) traded higher by 0.56% or $0.19/share to $33.89. In the past year, the shares have traded as low as $27.01 and as high as $40.02. On average, 32940 shares of TLP exchange hands on a given day and today's volume is recorded at 7351.

Shares of STMicroelectronics NV (STM) fell by 2.30% or $-0.23/share to $9.77. In the past year, the shares have traded as low as $6.42 and as high as $13.53. On average, 1718470 shares of STM exchange hands on a given day and today's volume is recorded at 810210.

Shares of Vale S.A (VALE) traded higher by 0.52% or $0.16/share to $30.82. In the past year, the shares have traded as low as $23.22 and as high as $36.81. On average, 18515510 shares of VALE exchange hands on a given day and today's volume is recorded at 10687660.

Shares of China Digital TV Holding Co., Ltd (STV) fell by 4.28% or $-0.23/share to $5.15. In the past year, the shares have traded as low as $5.21 and as high as $9.49. On average, 286000 shares of STV exchange hands on a given day and today's volume is recorded at 168764.

Shares of KeyCorp (KEY) fell by 0.67% or $-0.06/share to $8.2. In the past year, the shares have traded as low as $7.08 and as high as $9.71. On average, 12979400 shares of KEY exchange hands on a given day and today's volume is recorded at 5959328.