Downward wedge patterns have been noticed on July 17 for the stocks SEI Investments Co, The Babcock & Wilcox Company, Chemical Financial Corp, United Microelectronics Corporation, and Transocean Ltd. 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 1.00% or $-0.22/share to $21.83. In the past year, the shares have traded as low as $17.18 and as high as $24.75. On average, 828270 shares of SEIC exchange hands on a given day and today's volume is recorded at 376391.
Shares of The Babcock & Wilcox Company (BWC) fell by 3.17% or $-0.82/share to $25.07. In the past year, the shares have traded as low as $20.75 and as high as $36.02. On average, 632030 shares of BWC exchange hands on a given day and today's volume is recorded at 773484.
Shares of Chemical Financial Corp (CHFC) fell by 0.37% or $-0.07/share to $18.75. In the past year, the shares have traded as low as $17.85 and as high as $22.58. On average, 72730 shares of CHFC exchange hands on a given day and today's volume is recorded at 73216.
Shares of United Microelectronics Corporation (UMC) remained unchanged at $2.4. In the past year, the shares have traded as low as $2.37 and as high as $3.52. On average, 3819740 shares of UMC exchange hands on a given day and today's volume is recorded at 1456181.
Shares of Transocean Ltd (RIG) traded higher by 3.94% or $2.39/share to $62.98. In the past year, the shares have traded as low as $43.78 and as high as $84.98. On average, 4574700 shares of RIG exchange hands on a given day and today's volume is recorded at 5472619.
