Downward wedge patterns have been noticed on June 27 for the stocks Tesoro Corporation, Methode Electronics Inc, Raytheon Co, Transmontaigne Partners L.P, and iShares S&P Global Energy. 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 Tesoro Corporation (TSO) traded higher by 1.58% or $0.33/share to $21.17. In the past year, the shares have traded as low as $10.40 and as high as $28.74. On average, 5303250 shares of TSO exchange hands on a given day and today's volume is recorded at 4176565.
Shares of Methode Electronics Inc (MEI) traded higher by 1.37% or $0.14/share to $10.36. In the past year, the shares have traded as low as $7.70 and as high as $13.57. On average, 96850 shares of MEI exchange hands on a given day and today's volume is recorded at 106980.
Shares of Raytheon Co (RTN) traded higher by 0.98% or $0.47/share to $48.4. In the past year, the shares have traded as low as $41.61 and as high as $52.68. On average, 2583060 shares of RTN exchange hands on a given day and today's volume is recorded at 1561977.
Shares of Transmontaigne Partners L.P (TLP) fell by 0.23% or $-0.08/share to $34.38. In the past year, the shares have traded as low as $27.00 and as high as $40.02. On average, 32479 shares of TLP exchange hands on a given day and today's volume is recorded at 17681.
Shares of iShares S&P Global Energy (IXC) traded higher by 0.82% or $0.32/share to $39.54. In the past year, the shares have traded as low as $28.25 and as high as $45.11. On average, 234260 shares of IXC exchange hands on a given day and today's volume is recorded at 93006.
