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Friday, July 8, 2011

Downward Wedge Detected: (STV), (LAZ), (PROJ), (KEY), (WABC)

Downward wedge patterns have been noticed on July 8 for the stocks China Digital TV Holding Co., Ltd, Lazard Ltd, Deltek, Inc, KeyCorp, and Westamerica Bancorp. 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 China Digital TV Holding Co., Ltd (STV) fell by 1.47% or $-0.08/share to $5.36. In the past year, the shares have traded as low as $4.94 and as high as $9.49. On average, 219820 shares of STV exchange hands on a given day and today's volume is recorded at 74342.

Shares of Lazard Ltd (LAZ) fell by 0.54% or $-0.20/share to $36.5. In the past year, the shares have traded as low as $27.15 and as high as $46.36. On average, 765430 shares of LAZ exchange hands on a given day and today's volume is recorded at 389964.

Shares of Deltek, Inc (PROJ) traded higher by 1.32% or $0.10/share to $7.69. In the past year, the shares have traded as low as $6.77 and as high as $8.68. On average, 47530 shares of PROJ exchange hands on a given day and today's volume is recorded at 46469.

Shares of KeyCorp (KEY) fell by 1.43% or $-0.12/share to $8.26. In the past year, the shares have traded as low as $7.08 and as high as $9.72. On average, 12011130 shares of KEY exchange hands on a given day and today's volume is recorded at 11548382.

Shares of Westamerica Bancorp (WABC) fell by 0.94% or $-0.47/share to $49.7. In the past year, the shares have traded as low as $46.91 and as high as $56.14. On average, 136790 shares of WABC exchange hands on a given day and today's volume is recorded at 89345.