Downward wedge patterns have been noticed on June 22 for the stocks Schlumberger Limited, iShares MSCI EAFE Value Index, Webster Financial Corp, Emulex 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 Schlumberger Limited (SLB) traded higher by 0.25% or $0.21/share to $83.71. In the past year, the shares have traded as low as $52.46 and as high as $95.36. On average, 8328950 shares of SLB exchange hands on a given day and today's volume is recorded at 3895920.
Shares of iShares MSCI EAFE Value Index (EFV) fell by 3.31% or $-1.74/share to $50.78. In the past year, the shares have traded as low as $40.62 and as high as $56.56. On average, 92460 shares of EFV exchange hands on a given day and today's volume is recorded at 151808.
Shares of Webster Financial Corp (WBS) fell by 1.02% or $-0.21/share to $20.36. In the past year, the shares have traded as low as $15.49 and as high as $23.67. On average, 519240 shares of WBS exchange hands on a given day and today's volume is recorded at 158054.
Shares of Emulex Corp (ELX) traded higher by 0.48% or $0.04/share to $8.34. In the past year, the shares have traded as low as $8.02 and as high as $12.97. On average, 1048160 shares of ELX exchange hands on a given day and today's volume is recorded at 578082.
Shares of Westamerica Bancorp (WABC) fell by 0.64% or $-0.31/share to $48.5. In the past year, the shares have traded as low as $46.91 and as high as $56.14. On average, 132460 shares of WABC exchange hands on a given day and today's volume is recorded at 81169.
