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Thursday, June 30, 2011

Stocks with Downward Wedge Patterns: (XRA), (CLD), (ORBK), (MITSY), (TLP)

Downward wedge patterns have been noticed on June 30 for the stocks Exeter Resource Corporation, Cloud Peak Energy Inc, Orbotech Ltd, Mitsui & Co. Ltd, and Transmontaigne Partners L.P. 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 Exeter Resource Corporation (XRA) fell by 0.24% or $-0.01/share to $4.18. In the past year, the shares have traded as low as $4.08 and as high as $7.20. On average, 320810 shares of XRA exchange hands on a given day and today's volume is recorded at 170473.

Shares of Cloud Peak Energy Inc (CLD) traded higher by 1.00% or $0.21/share to $21.22. In the past year, the shares have traded as low as $13.01 and as high as $24.69. On average, 1384680 shares of CLD exchange hands on a given day and today's volume is recorded at 435150.

Shares of Orbotech Ltd (ORBK) traded higher by 1.33% or $0.17/share to $12.61. In the past year, the shares have traded as low as $9.15 and as high as $15.61. On average, 189590 shares of ORBK exchange hands on a given day and today's volume is recorded at 74981.

Shares of Mitsui & Co. Ltd (MITSY) remained unchanged at $343.0. In the past year, the shares have traded as low as $233.62 and as high as $375.40. On average, 5440 shares of MITSY exchange hands on a given day and today's volume is recorded at 0.

Shares of Transmontaigne Partners L.P (TLP) fell by 0.52% or $-0.18/share to $34.84. In the past year, the shares have traded as low as $27.01 and as high as $40.02. On average, 31850 shares of TLP exchange hands on a given day and today's volume is recorded at 12300.