Downward wedge patterns have been noticed on July 29 for the stocks Suntech Power Holdings Co. Ltd, Synutra International Inc, iShares MSCI EAFE Value Index, Akamai Technologies Inc, and Braskem S.A. 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 Suntech Power Holdings Co. Ltd (STP) traded higher by 6.75% or $0.47/share to $7.43. In the past year, the shares have traded as low as $6.90 and as high as $10.83. On average, 2665000 shares of STP exchange hands on a given day and today's volume is recorded at 3959029.
Shares of Synutra International Inc (SYUT) fell by 0.86% or $-0.07/share to $8.04. In the past year, the shares have traded as low as $7.82 and as high as $18.00. On average, 61260 shares of SYUT exchange hands on a given day and today's volume is recorded at 10896.
Shares of iShares MSCI EAFE Value Index (EFV) traded higher by 0.30% or $0.15/share to $50.6. In the past year, the shares have traded as low as $42.18 and as high as $55.23. On average, 103890 shares of EFV exchange hands on a given day and today's volume is recorded at 111741.
Shares of Akamai Technologies Inc (AKAM) traded higher by 1.97% or $0.47/share to $24.31. In the past year, the shares have traded as low as $23.64 and as high as $54.65. On average, 5432420 shares of AKAM exchange hands on a given day and today's volume is recorded at 7786667.
Shares of Braskem S.A (BAK) fell by 1.18% or $-0.29/share to $24.24. In the past year, the shares have traded as low as $14.40 and as high as $32.30. On average, 305120 shares of BAK exchange hands on a given day and today's volume is recorded at 306088.
