Downward wedge patterns have been noticed on July 14 for the stocks Belo Corp, China Digital TV Holding Co., Ltd, Platinum Group Metals Ltd, Orbotech Ltd, and EarthLink 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 Belo Corp (BLC) fell by 2.60% or $-0.19/share to $7.11. In the past year, the shares have traded as low as $5.04 and as high as $9.27. On average, 1005660 shares of BLC exchange hands on a given day and today's volume is recorded at 417605.
Shares of China Digital TV Holding Co., Ltd (STV) fell by 3.61% or $-0.19/share to $5.07. In the past year, the shares have traded as low as $4.94 and as high as $9.49. On average, 216100 shares of STV exchange hands on a given day and today's volume is recorded at 99623.
Shares of Platinum Group Metals Ltd (PLG) fell by 2.20% or $-0.04/share to $1.78. In the past year, the shares have traded as low as $1.60 and as high as $2.80. On average, 224000 shares of PLG exchange hands on a given day and today's volume is recorded at 118811.
Shares of Orbotech Ltd (ORBK) fell by 3.06% or $-0.38/share to $12.02. In the past year, the shares have traded as low as $9.15 and as high as $15.62. On average, 181130 shares of ORBK exchange hands on a given day and today's volume is recorded at 324383.
Shares of EarthLink Inc (ELNK) fell by 1.66% or $-0.13/share to $7.71. In the past year, the shares have traded as low as $7.35 and as high as $9.11. On average, 1748440 shares of ELNK exchange hands on a given day and today's volume is recorded at 680872.
