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Thursday, June 30, 2011

Technical Downward Wedge: (LAZ), (TX), (DSX), (HOLX), (SLB)

Downward wedge patterns have been noticed on June 30 for the stocks Lazard Ltd, Ternium S.A, Diana Shipping Inc, Hologic Inc, and Schlumberger Limited. 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 Lazard Ltd (LAZ) traded higher by 1.09% or $0.40/share to $37.51. In the past year, the shares have traded as low as $25.34 and as high as $46.35. On average, 797280 shares of LAZ exchange hands on a given day and today's volume is recorded at 263116.

Shares of Ternium S.A (TX) fell by 0.17% or $-0.05/share to $29.6. In the past year, the shares have traded as low as $28.19 and as high as $42.77. On average, 563210 shares of TX exchange hands on a given day and today's volume is recorded at 464349.

Shares of Diana Shipping Inc (DSX) fell by 0.36% or $-0.04/share to $10.96. In the past year, the shares have traded as low as $10.46 and as high as $14.23. On average, 603680 shares of DSX exchange hands on a given day and today's volume is recorded at 202184.

Shares of Hologic Inc (HOLX) traded higher by 1.81% or $0.36/share to $20.21. In the past year, the shares have traded as low as $13.22 and as high as $23.24. On average, 2061500 shares of HOLX exchange hands on a given day and today's volume is recorded at 1393742.

Shares of Schlumberger Limited (SLB) traded higher by 0.86% or $0.73/share to $85.94. In the past year, the shares have traded as low as $52.46 and as high as $95.36. On average, 8291670 shares of SLB exchange hands on a given day and today's volume is recorded at 5654266.