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Wednesday, July 13, 2011

Downward Wedge Detected: (CGR), (EGN), (DSX), (EXH), (ORBK)

Downward wedge patterns have been noticed on July 13 for the stocks Claude Resources, Inc, Energen Corp, Diana Shipping Inc, Exterran Holdings, Inc, and Orbotech Ltd. 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 Claude Resources, Inc (CGR) traded higher by 1.43% or $0.03/share to $2.13. In the past year, the shares have traded as low as $0.96 and as high as $2.91. On average, 296230 shares of CGR exchange hands on a given day and today's volume is recorded at 350481.

Shares of Energen Corp (EGN) traded higher by 0.93% or $0.53/share to $57.55. In the past year, the shares have traded as low as $41.78 and as high as $65.29. On average, 510470 shares of EGN exchange hands on a given day and today's volume is recorded at 203487.

Shares of Diana Shipping Inc (DSX) traded higher by 1.60% or $0.17/share to $10.78. In the past year, the shares have traded as low as $10.46 and as high as $14.23. On average, 571530 shares of DSX exchange hands on a given day and today's volume is recorded at 243359.

Shares of Exterran Holdings, Inc (EXH) traded higher by 0.63% or $0.12/share to $19.04. In the past year, the shares have traded as low as $18.59 and as high as $29.96. On average, 833080 shares of EXH exchange hands on a given day and today's volume is recorded at 529795.

Shares of Orbotech Ltd (ORBK) traded higher by 1.05% or $0.13/share to $12.48. In the past year, the shares have traded as low as $9.15 and as high as $15.62. On average, 181180 shares of ORBK exchange hands on a given day and today's volume is recorded at 61111.