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Friday, July 1, 2011

Downward Wedge Detected: (FSRV), (KEY), (SFY), (UMC), (BLC)

Downward wedge patterns have been noticed on July 1 for the stocks FirstService Corp, KeyCorp, Swift Energy Co, United Microelectronics Corporation, and Belo 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 FirstService Corp (FSRV) traded higher by 0.41% or $0.14/share to $34.68. In the past year, the shares have traded as low as $19.76 and as high as $40.57. On average, 28130 shares of FSRV exchange hands on a given day and today's volume is recorded at 4442.

Shares of KeyCorp (KEY) traded higher by 1.32% or $0.11/share to $8.44. In the past year, the shares have traded as low as $7.08 and as high as $9.72. On average, 12191760 shares of KEY exchange hands on a given day and today's volume is recorded at 10008429.

Shares of Swift Energy Co (SFY) traded higher by 3.62% or $1.35/share to $38.62. In the past year, the shares have traded as low as $24.71 and as high as $48.19. On average, 692100 shares of SFY exchange hands on a given day and today's volume is recorded at 876772.

Shares of United Microelectronics Corporation (UMC) remained unchanged at $2.56. In the past year, the shares have traded as low as $2.40 and as high as $3.52. On average, 3635270 shares of UMC exchange hands on a given day and today's volume is recorded at 1769187.

Shares of Belo Corp (BLC) traded higher by 0.53% or $0.04/share to $7.57. In the past year, the shares have traded as low as $5.04 and as high as $9.27. On average, 1042359 shares of BLC exchange hands on a given day and today's volume is recorded at 1509916.