Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, July 21, 2011

Downward Wedge Detected: (SEIC), (ASML), (DSX), (XRA), (AKAM)

Downward wedge patterns have been noticed on July 21 for the stocks SEI Investments Co, ASML Holding NV, Diana Shipping Inc, Exeter Resource Corporation, and Akamai Technologies 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 SEI Investments Co (SEIC) fell by 3.05% or $-0.65/share to $20.69. In the past year, the shares have traded as low as $17.18 and as high as $24.75. On average, 832740 shares of SEIC exchange hands on a given day and today's volume is recorded at 1716473.

Shares of ASML Holding NV (ASML) traded higher by 3.71% or $1.32/share to $36.92. In the past year, the shares have traded as low as $24.31 and as high as $45.32. On average, 2541060 shares of ASML exchange hands on a given day and today's volume is recorded at 2306552.

Shares of Diana Shipping Inc (DSX) fell by 0.38% or $-0.04/share to $10.47. In the past year, the shares have traded as low as $10.43 and as high as $14.23. On average, 544530 shares of DSX exchange hands on a given day and today's volume is recorded at 368214.

Shares of Exeter Resource Corporation (XRA) traded higher by 0.45% or $0.02/share to $4.51. In the past year, the shares have traded as low as $4.08 and as high as $7.20. On average, 371820 shares of XRA exchange hands on a given day and today's volume is recorded at 331059.

Shares of Akamai Technologies Inc (AKAM) traded higher by 0.58% or $0.17/share to $29.53. In the past year, the shares have traded as low as $28.69 and as high as $54.65. On average, 5551750 shares of AKAM exchange hands on a given day and today's volume is recorded at 2083157.