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Thursday, June 30, 2011

Downward Wedge Patterns Shown in Stocks: (BSFT), (SFNC), (IAG), (WABC), (WBS)

Downward wedge patterns have been noticed on June 30 for the stocks BroadSoft, Inc, Simmons First National Corporation, IAMGOLD Corp, Westamerica Bancorp, and Webster Financial 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 BroadSoft, Inc (BSFT) traded higher by 0.95% or $0.36/share to $38.25. In the past year, the shares have traded as low as $7.34 and as high as $55.45. On average, 825770 shares of BSFT exchange hands on a given day and today's volume is recorded at 111930.

Shares of Simmons First National Corporation (SFNC) traded higher by 1.15% or $0.29/share to $25.57. In the past year, the shares have traded as low as $23.51 and as high as $29.72. On average, 34100 shares of SFNC exchange hands on a given day and today's volume is recorded at 8641.

Shares of IAMGOLD Corp (IAG) fell by 0.21% or $-0.04/share to $18.86. In the past year, the shares have traded as low as $15.20 and as high as $23.38. On average, 3227650 shares of IAG exchange hands on a given day and today's volume is recorded at 1301485.

Shares of Westamerica Bancorp (WABC) traded higher by 0.43% or $0.21/share to $49.43. In the past year, the shares have traded as low as $46.91 and as high as $56.14. On average, 133420 shares of WABC exchange hands on a given day and today's volume is recorded at 34191.

Shares of Webster Financial Corp (WBS) traded higher by 0.91% or $0.19/share to $21.14. In the past year, the shares have traded as low as $15.49 and as high as $23.67. On average, 519140 shares of WBS exchange hands on a given day and today's volume is recorded at 139721.