Downward wedge patterns have been noticed on June 22 for the stocks Teck Resources Limited, National Instruments Corporation, Internet Gold Golden Lines Ltd, Orbotech Ltd, and Methode Electronics 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 Teck Resources Limited (TCK) fell by 2.63% or $-1.23/share to $45.5. In the past year, the shares have traded as low as $28.04 and as high as $64.94. On average, 3688100 shares of TCK exchange hands on a given day and today's volume is recorded at 2514689.
Shares of National Instruments Corporation (NATI) fell by 0.88% or $-0.25/share to $28.18. In the past year, the shares have traded as low as $18.39 and as high as $33.09. On average, 435550 shares of NATI exchange hands on a given day and today's volume is recorded at 189600.
Shares of Internet Gold Golden Lines Ltd (IGLD) fell by 5.84% or $-1.40/share to $22.56. In the past year, the shares have traded as low as $17.81 and as high as $35.25. On average, 6140 shares of IGLD exchange hands on a given day and today's volume is recorded at 5300.
Shares of Orbotech Ltd (ORBK) fell by 1.10% or $-0.14/share to $12.64. In the past year, the shares have traded as low as $9.15 and as high as $15.62. On average, 184080 shares of ORBK exchange hands on a given day and today's volume is recorded at 117803.
Shares of Methode Electronics Inc (MEI) fell by 0.29% or $-0.03/share to $10.3. In the past year, the shares have traded as low as $7.70 and as high as $13.57. On average, 91560 shares of MEI exchange hands on a given day and today's volume is recorded at 44762.
