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Friday, July 1, 2011

Stocks with Downward Wedge Patterns: (BSFT), (HLX), (LAZ), (RTN), (CGR)

Downward wedge patterns have been noticed on July 1 for the stocks BroadSoft, Inc, Helix Energy Solutions Group, Inc, Lazard Ltd, Raytheon Co, and Claude Resources, 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 BroadSoft, Inc (BSFT) traded higher by 1.55% or $0.59/share to $38.72. In the past year, the shares have traded as low as $7.34 and as high as $55.45. On average, 809010 shares of BSFT exchange hands on a given day and today's volume is recorded at 429191.

Shares of Helix Energy Solutions Group, Inc (HLX) traded higher by 0.79% or $0.13/share to $16.69. In the past year, the shares have traded as low as $8.38 and as high as $19.20. On average, 1783330 shares of HLX exchange hands on a given day and today's volume is recorded at 1776122.

Shares of Lazard Ltd (LAZ) traded higher by 2.37% or $0.88/share to $37.98. In the past year, the shares have traded as low as $25.34 and as high as $46.36. On average, 795680 shares of LAZ exchange hands on a given day and today's volume is recorded at 1067750.

Shares of Raytheon Co (RTN) traded higher by 0.52% or $0.26/share to $50.11. In the past year, the shares have traded as low as $41.61 and as high as $52.68. On average, 2591040 shares of RTN exchange hands on a given day and today's volume is recorded at 1530773.

Shares of Claude Resources, Inc (CGR) remained unchanged at $1.91. In the past year, the shares have traded as low as $0.96 and as high as $2.91. On average, 348430 shares of CGR exchange hands on a given day and today's volume is recorded at 66962.