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Wednesday, July 13, 2011

Downward Wedge Detected: (AUO), (SGMO), (AER), (BBT), (DRQ)

Downward wedge patterns have been noticed on July 13 for the stocks AU Optronics Corp, Sangamo Biosciences Inc, AerCap Holdings N.V, BB & T Corp, and Dril-Quip, 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 AU Optronics Corp (AUO) traded higher by 2.21% or $0.13/share to $6.01. In the past year, the shares have traded as low as $5.86 and as high as $10.65. On average, 2829810 shares of AUO exchange hands on a given day and today's volume is recorded at 1295638.

Shares of Sangamo Biosciences Inc (SGMO) fell by 0.81% or $-0.05/share to $5.84. In the past year, the shares have traded as low as $2.81 and as high as $9.15. On average, 471740 shares of SGMO exchange hands on a given day and today's volume is recorded at 179197.

Shares of AerCap Holdings N.V (AER) traded higher by 2.20% or $0.27/share to $12.56. In the past year, the shares have traded as low as $10.44 and as high as $15.99. On average, 460730 shares of AER exchange hands on a given day and today's volume is recorded at 237510.

Shares of BB & T Corp (BBT) traded higher by 1.19% or $0.31/share to $25.94. In the past year, the shares have traded as low as $21.20 and as high as $29.24. On average, 5759110 shares of BBT exchange hands on a given day and today's volume is recorded at 3484158.

Shares of Dril-Quip, Inc (DRQ) traded higher by 2.96% or $2.00/share to $69.58. In the past year, the shares have traded as low as $46.39 and as high as $83.80. On average, 410000 shares of DRQ exchange hands on a given day and today's volume is recorded at 176779.