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Friday, July 15, 2011

Stocks with Downward Wedge Patterns: (PROJ), (BBT), (NE), (SEIC), (ELNK)

Downward wedge patterns have been noticed on July 15 for the stocks Deltek, Inc, BB & T Corp, Noble Corp, SEI Investments Co, and EarthLink 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 Deltek, Inc (PROJ) traded higher by 0.68% or $0.05/share to $7.36. In the past year, the shares have traded as low as $6.77 and as high as $8.68. On average, 49020 shares of PROJ exchange hands on a given day and today's volume is recorded at 30235.

Shares of BB & T Corp (BBT) fell by 0.16% or $-0.04/share to $25.28. In the past year, the shares have traded as low as $21.20 and as high as $29.24. On average, 5786500 shares of BBT exchange hands on a given day and today's volume is recorded at 4287187.

Shares of Noble Corp (NE) traded higher by 2.94% or $1.06/share to $37.15. In the past year, the shares have traded as low as $28.20 and as high as $46.57. On average, 3712640 shares of NE exchange hands on a given day and today's volume is recorded at 3273563.

Shares of SEI Investments Co (SEIC) fell by 1.22% or $-0.27/share to $21.78. In the past year, the shares have traded as low as $17.18 and as high as $24.75. On average, 828270 shares of SEIC exchange hands on a given day and today's volume is recorded at 252120.

Shares of EarthLink Inc (ELNK) traded higher by 0.26% or $0.02/share to $7.73. 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 561768.