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Sunday, June 26, 2011

Downward Wedge Patterns Shown in Stocks: (OYOG), (TCK), (STD), (BLC), (SFNC)

Downward wedge patterns have been noticed on June 26 for the stocks OYO Geospace Corp, Teck Resources Limited, Banco Santander, S.A, Belo Corp, and Simmons First National Corporation. 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 OYO Geospace Corp (OYOG) fell by 0.37% or $-0.36/share to $96.15. In the past year, the shares have traded as low as $45.17 and as high as $109.99. On average, 64459 shares of OYOG exchange hands on a given day and today's volume is recorded at 61219.

Shares of Teck Resources Limited (TCK) fell by 0.24% or $-0.11/share to $46.49. 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 3250489.

Shares of Banco Santander, S.A (STD) fell by 3.35% or $-0.37/share to $10.66. In the past year, the shares have traded as low as $9.04 and as high as $13.18. On average, 6501290 shares of STD exchange hands on a given day and today's volume is recorded at 10970770.

Shares of Belo Corp (BLC) fell by 1.36% or $-0.10/share to $7.25. In the past year, the shares have traded as low as $5.04 and as high as $9.27. On average, 1168550 shares of BLC exchange hands on a given day and today's volume is recorded at 1453927.

Shares of Simmons First National Corporation (SFNC) fell by 1.81% or $-0.45/share to $24.4. In the past year, the shares have traded as low as $23.51 and as high as $29.72. On average, 33220 shares of SFNC exchange hands on a given day and today's volume is recorded at 100133.