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Wednesday, June 29, 2011

Technical Downward Wedge: (IGLD), (IAG), (VALE), (BLC), (WABC)

Downward wedge patterns have been noticed on June 29 for the stocks Internet Gold Golden Lines Ltd, IAMGOLD Corp, Vale S.A, Belo Corp, and Westamerica Bancorp. 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 Internet Gold Golden Lines Ltd (IGLD) traded higher by 2.89% or $0.62/share to $22.1. In the past year, the shares have traded as low as $17.81 and as high as $35.25. On average, 6050 shares of IGLD exchange hands on a given day and today's volume is recorded at 5216.

Shares of IAMGOLD Corp (IAG) traded higher by 5.07% or $0.92/share to $19.06. In the past year, the shares have traded as low as $15.20 and as high as $23.38. On average, 3210970 shares of IAG exchange hands on a given day and today's volume is recorded at 2621314.

Shares of Vale S.A (VALE) traded higher by 0.70% or $0.22/share to $31.55. In the past year, the shares have traded as low as $23.22 and as high as $36.81. On average, 17911210 shares of VALE exchange hands on a given day and today's volume is recorded at 9817506.

Shares of Belo Corp (BLC) fell by 0.93% or $-0.07/share to $7.45. In the past year, the shares have traded as low as $5.04 and as high as $9.27. On average, 1059170 shares of BLC exchange hands on a given day and today's volume is recorded at 199209.

Shares of Westamerica Bancorp (WABC) fell by 0.65% or $-0.32/share to $48.7. In the past year, the shares have traded as low as $46.91 and as high as $56.14. On average, 133440 shares of WABC exchange hands on a given day and today's volume is recorded at 68192.