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Friday, July 8, 2011

Stocks with Downward Wedge Patterns: (NE), (TX), (HOLX), (RTN), (BLC)

Downward wedge patterns have been noticed on July 8 for the stocks Noble Corp, Ternium S.A, Hologic Inc, Raytheon Co, and Belo Corp. 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 0.93% or $-0.35/share to $37.34. In the past year, the shares have traded as low as $28.20 and as high as $46.56. On average, 3575650 shares of NE exchange hands on a given day and today's volume is recorded at 7858808.

Shares of Ternium S.A (TX) fell by 1.68% or $-0.52/share to $30.5. In the past year, the shares have traded as low as $28.19 and as high as $42.77. On average, 578850 shares of TX exchange hands on a given day and today's volume is recorded at 226534.

Shares of Hologic Inc (HOLX) fell by 0.24% or $-0.05/share to $20.52. In the past year, the shares have traded as low as $13.22 and as high as $23.24. On average, 2097970 shares of HOLX exchange hands on a given day and today's volume is recorded at 1866598.

Shares of Raytheon Co (RTN) fell by 1.94% or $-0.96/share to $48.62. In the past year, the shares have traded as low as $41.25 and as high as $52.22. On average, 2586150 shares of RTN exchange hands on a given day and today's volume is recorded at 2579592.

Shares of Belo Corp (BLC) fell by 0.26% or $-0.02/share to $7.55. In the past year, the shares have traded as low as $5.04 and as high as $9.27. On average, 1032319 shares of BLC exchange hands on a given day and today's volume is recorded at 551640.