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Thursday, July 14, 2011

Downward Wedge Patterns Shown in Stocks: (NE), (CHSP), (AER), (SEIC), (EXH)

Downward wedge patterns have been noticed on July 14 for the stocks Noble Corp, Chesapeake Lodging Trust Common Shares of Beneficial Interest, AerCap Holdings N.V, SEI Investments Co, and Exterran Holdings, 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 Noble Corp (NE) fell by 1.04% or $-0.38/share to $36.04. In the past year, the shares have traded as low as $28.20 and as high as $46.56. On average, 3707790 shares of NE exchange hands on a given day and today's volume is recorded at 3975491.

Shares of Chesapeake Lodging Trust Common Shares of Beneficial Interest (CHSP) fell by 1.00% or $-0.17/share to $16.85. In the past year, the shares have traded as low as $15.01 and as high as $19.54. On average, 139780 shares of CHSP exchange hands on a given day and today's volume is recorded at 76042.

Shares of AerCap Holdings N.V (AER) fell by 1.52% or $-0.19/share to $12.3. In the past year, the shares have traded as low as $10.44 and as high as $15.99. On average, 451020 shares of AER exchange hands on a given day and today's volume is recorded at 245694.

Shares of SEI Investments Co (SEIC) traded higher by 0.78% or $0.17/share to $22.05. In the past year, the shares have traded as low as $17.18 and as high as $24.75. On average, 815140 shares of SEIC exchange hands on a given day and today's volume is recorded at 1187859.

Shares of Exterran Holdings, Inc (EXH) fell by 0.91% or $-0.17/share to $18.51. In the past year, the shares have traded as low as $18.59 and as high as $29.96. On average, 839270 shares of EXH exchange hands on a given day and today's volume is recorded at 805263.