Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, June 29, 2011

Technical Downward Wedge: (RTN), (HBAN), (STD), (TLP), (BSFT)

Downward wedge patterns have been noticed on June 29 for the stocks Raytheon Co, Huntington Bancshares Inc, Banco Santander, S.A, Transmontaigne Partners L.P, and BroadSoft, 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 Raytheon Co (RTN) traded higher by 0.60% or $0.29/share to $49.01. In the past year, the shares have traded as low as $41.60 and as high as $52.68. On average, 2587610 shares of RTN exchange hands on a given day and today's volume is recorded at 933686.

Shares of Huntington Bancshares Inc (HBAN) traded higher by 1.41% or $0.09/share to $6.48. In the past year, the shares have traded as low as $5.01 and as high as $7.68. On average, 12907570 shares of HBAN exchange hands on a given day and today's volume is recorded at 8793624.

Shares of Banco Santander, S.A (STD) traded higher by 1.45% or $0.16/share to $11.18. In the past year, the shares have traded as low as $9.04 and as high as $13.18. On average, 6587360 shares of STD exchange hands on a given day and today's volume is recorded at 4938922.

Shares of Transmontaigne Partners L.P (TLP) traded higher by 1.53% or $0.53/share to $35.07. In the past year, the shares have traded as low as $27.01 and as high as $40.02. On average, 32070 shares of TLP exchange hands on a given day and today's volume is recorded at 5186.

Shares of BroadSoft, Inc (BSFT) traded higher by 1.94% or $0.72/share to $37.74. In the past year, the shares have traded as low as $7.34 and as high as $55.45. On average, 834240 shares of BSFT exchange hands on a given day and today's volume is recorded at 288810.