Downward wedge patterns have been noticed on June 29 for the stocks Stone Energy Corp, Mitsui & Co. Ltd, Webster Financial Corp, Orbotech Ltd, and Helix Energy Solutions Group, Inc. 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 Stone Energy Corp (SGY) traded higher by 4.25% or $1.23/share to $30.16. In the past year, the shares have traded as low as $10.30 and as high as $35.94. On average, 961810 shares of SGY exchange hands on a given day and today's volume is recorded at 951418.
Shares of Mitsui & Co. Ltd (MITSY) remained unchanged at $337.95. In the past year, the shares have traded as low as $233.62 and as high as $375.37. On average, 5560 shares of MITSY exchange hands on a given day and today's volume is recorded at 0.
Shares of Webster Financial Corp (WBS) traded higher by 1.26% or $0.26/share to $20.83. In the past year, the shares have traded as low as $15.49 and as high as $23.67. On average, 518080 shares of WBS exchange hands on a given day and today's volume is recorded at 218272.
Shares of Orbotech Ltd (ORBK) fell by 0.89% or $-0.11/share to $12.31. In the past year, the shares have traded as low as $9.15 and as high as $15.62. On average, 188040 shares of ORBK exchange hands on a given day and today's volume is recorded at 115832.
Shares of Helix Energy Solutions Group, Inc (HLX) traded higher by 0.49% or $0.08/share to $16.27. In the past year, the shares have traded as low as $8.38 and as high as $19.20. On average, 1779000 shares of HLX exchange hands on a given day and today's volume is recorded at 1139460.
