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Wednesday, July 13, 2011

Stocks with Downward Wedge Patterns: (ELNK), (CHFC), (CPLA), (LAZ), (NE)

Downward wedge patterns have been noticed on July 13 for the stocks EarthLink Inc, Chemical Financial Corp, Capella Education Co, Lazard Ltd, and Noble 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 EarthLink Inc (ELNK) traded higher by 1.29% or $0.10/share to $7.85. In the past year, the shares have traded as low as $7.35 and as high as $9.11. On average, 1753460 shares of ELNK exchange hands on a given day and today's volume is recorded at 564806.

Shares of Chemical Financial Corp (CHFC) traded higher by 1.11% or $0.21/share to $19.07. In the past year, the shares have traded as low as $17.85 and as high as $22.58. On average, 72930 shares of CHFC exchange hands on a given day and today's volume is recorded at 41295.

Shares of Capella Education Co (CPLA) traded higher by 2.78% or $1.22/share to $45.15. In the past year, the shares have traded as low as $41.64 and as high as $96.52. On average, 188230 shares of CPLA exchange hands on a given day and today's volume is recorded at 88651.

Shares of Lazard Ltd (LAZ) traded higher by 1.78% or $0.60/share to $34.27. In the past year, the shares have traded as low as $27.15 and as high as $46.35. On average, 793360 shares of LAZ exchange hands on a given day and today's volume is recorded at 1023428.

Shares of Noble Corp (NE) traded higher by 1.49% or $0.54/share to $36.68. In the past year, the shares have traded as low as $28.20 and as high as $46.57. On average, 3690200 shares of NE exchange hands on a given day and today's volume is recorded at 3157777.