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Thursday, July 14, 2011

Downward Wedge Detected: (CIS), (CLD), (CGR), (PROJ), (BBT)

Downward wedge patterns have been noticed on July 14 for the stocks Camelot Information Systems Inc, Cloud Peak Energy Inc, Claude Resources, Inc, Deltek, Inc, and BB & T Corp. 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 Camelot Information Systems Inc (CIS) fell by 0.37% or $-0.05/share to $13.42. In the past year, the shares have traded as low as $12.64 and as high as $28.18. On average, 614490 shares of CIS exchange hands on a given day and today's volume is recorded at 663582.

Shares of Cloud Peak Energy Inc (CLD) fell by 4.19% or $-0.91/share to $20.81. In the past year, the shares have traded as low as $14.09 and as high as $24.69. On average, 1296340 shares of CLD exchange hands on a given day and today's volume is recorded at 621583.

Shares of Claude Resources, Inc (CGR) fell by 0.98% or $-0.02/share to $2.08. In the past year, the shares have traded as low as $0.96 and as high as $2.91. On average, 297180 shares of CGR exchange hands on a given day and today's volume is recorded at 264565.

Shares of Deltek, Inc (PROJ) fell by 3.29% or $-0.25/share to $7.35. In the past year, the shares have traded as low as $6.77 and as high as $8.68. On average, 48910 shares of PROJ exchange hands on a given day and today's volume is recorded at 17924.

Shares of BB & T Corp (BBT) fell by 1.48% or $-0.38/share to $25.32. In the past year, the shares have traded as low as $21.20 and as high as $29.24. On average, 5774580 shares of BBT exchange hands on a given day and today's volume is recorded at 6047374.