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

Friday, June 24, 2011

Downward Wedge Patterns Shown in Stocks: (WG), (TCK), (WBS), (XOM), (TLP)

Downward wedge patterns have been noticed on June 24 for the stocks Willbros Group Inc, Teck Resources Limited, Webster Financial Corp, Exxon Mobil Corporation, and Transmontaigne Partners L.P. 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 Willbros Group Inc (WG) fell by 1.67% or $-0.13/share to $7.66. In the past year, the shares have traded as low as $6.80 and as high as $12.55. On average, 323450 shares of WG exchange hands on a given day and today's volume is recorded at 149312.

Shares of Teck Resources Limited (TCK) remained unchanged at $46.6. In the past year, the shares have traded as low as $28.04 and as high as $64.94. On average, 3657350 shares of TCK exchange hands on a given day and today's volume is recorded at 2812999.

Shares of Webster Financial Corp (WBS) fell by 1.19% or $-0.24/share to $19.87. In the past year, the shares have traded as low as $15.49 and as high as $23.67. On average, 519510 shares of WBS exchange hands on a given day and today's volume is recorded at 155149.

Shares of Exxon Mobil Corporation (XOM) fell by 1.39% or $-1.09/share to $77.35. In the past year, the shares have traded as low as $54.59 and as high as $87.74. On average, 17800280 shares of XOM exchange hands on a given day and today's volume is recorded at 14075225.

Shares of Transmontaigne Partners L.P (TLP) traded higher by 0.35% or $0.12/share to $34.26. In the past year, the shares have traded as low as $27.01 and as high as $40.02. On average, 32659 shares of TLP exchange hands on a given day and today's volume is recorded at 9543.