Downward wedge patterns have been noticed on July 17 for the stocks Dril-Quip, Inc, EarthLink Inc, Teck Resources Limited, AerCap Holdings N.V, and PMC-Sierra 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 Dril-Quip, Inc (DRQ) traded higher by 5.34% or $3.60/share to $70.99. In the past year, the shares have traded as low as $46.39 and as high as $83.80. On average, 406120 shares of DRQ exchange hands on a given day and today's volume is recorded at 501932.
Shares of EarthLink Inc (ELNK) remained unchanged at $7.71. In the past year, the shares have traded as low as $7.35 and as high as $9.11. On average, 1735880 shares of ELNK exchange hands on a given day and today's volume is recorded at 926551.
Shares of Teck Resources Limited (TCK) traded higher by 3.56% or $1.80/share to $52.42. In the past year, the shares have traded as low as $29.95 and as high as $64.94. On average, 3587320 shares of TCK exchange hands on a given day and today's volume is recorded at 2911499.
Shares of AerCap Holdings N.V (AER) traded higher by 3.41% or $0.42/share to $12.72. In the past year, the shares have traded as low as $10.44 and as high as $15.99. On average, 448700 shares of AER exchange hands on a given day and today's volume is recorded at 528183.
Shares of PMC-Sierra Inc (PMCS) fell by 0.28% or $-0.02/share to $7.14. In the past year, the shares have traded as low as $6.83 and as high as $9.20. On average, 2840800 shares of PMCS exchange hands on a given day and today's volume is recorded at 1408934.
