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Friday, July 8, 2011

Stocks with Downward Wedge Patterns: (DSX), (FSRV), (CLD), (BBT), (MOVE)

Downward wedge patterns have been noticed on July 8 for the stocks Diana Shipping Inc, FirstService Corp, Cloud Peak Energy Inc, BB & T Corp, and Move, 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 Diana Shipping Inc (DSX) fell by 0.72% or $-0.08/share to $11.0. In the past year, the shares have traded as low as $10.46 and as high as $14.23. On average, 579810 shares of DSX exchange hands on a given day and today's volume is recorded at 374916.

Shares of FirstService Corp (FSRV) fell by 0.55% or $-0.19/share to $34.12. In the past year, the shares have traded as low as $20.21 and as high as $40.57. On average, 25870 shares of FSRV exchange hands on a given day and today's volume is recorded at 4325.

Shares of Cloud Peak Energy Inc (CLD) traded higher by 0.69% or $0.15/share to $21.82. In the past year, the shares have traded as low as $13.64 and as high as $24.69. On average, 1358560 shares of CLD exchange hands on a given day and today's volume is recorded at 610601.

Shares of BB & T Corp (BBT) fell by 3.33% or $-0.90/share to $26.09. In the past year, the shares have traded as low as $21.20 and as high as $29.24. On average, 5736470 shares of BBT exchange hands on a given day and today's volume is recorded at 6278706.

Shares of Move, Inc (MOVE) fell by 2.55% or $-0.06/share to $2.29. In the past year, the shares have traded as low as $1.80 and as high as $2.89. On average, 1526000 shares of MOVE exchange hands on a given day and today's volume is recorded at 362322.