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Wednesday, June 29, 2011

Stocks with Downward Wedge Patterns: (TNK), (SFNC), (ASML), (KEY), (LAZ)

Downward wedge patterns have been noticed on June 29 for the stocks Teekay Tankers Ltd, Simmons First National Corporation, ASML Holding NV, KeyCorp, and Lazard Ltd. 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 Teekay Tankers Ltd (TNK) traded higher by 0.75% or $0.07/share to $9.36. In the past year, the shares have traded as low as $8.42 and as high as $12.67. On average, 582890 shares of TNK exchange hands on a given day and today's volume is recorded at 120001.

Shares of Simmons First National Corporation (SFNC) fell by 0.20% or $-0.05/share to $25.11. In the past year, the shares have traded as low as $23.51 and as high as $29.72. On average, 34490 shares of SFNC exchange hands on a given day and today's volume is recorded at 6375.

Shares of ASML Holding NV (ASML) traded higher by 0.22% or $0.08/share to $36.37. In the past year, the shares have traded as low as $24.31 and as high as $45.32. On average, 2618530 shares of ASML exchange hands on a given day and today's volume is recorded at 1481299.

Shares of KeyCorp (KEY) traded higher by 1.67% or $0.14/share to $8.23. In the past year, the shares have traded as low as $7.08 and as high as $9.71. On average, 12457100 shares of KEY exchange hands on a given day and today's volume is recorded at 5707948.

Shares of Lazard Ltd (LAZ) traded higher by 3.85% or $1.37/share to $36.93. In the past year, the shares have traded as low as $25.34 and as high as $46.36. On average, 796340 shares of LAZ exchange hands on a given day and today's volume is recorded at 572920.