Downward wedge patterns have been noticed on July 15 for the stocks Chesapeake Lodging Trust Common Shares of Beneficial Interest, Chemical Financial Corp, Transocean Ltd, The Babcock & Wilcox Company, and Teck Resources Limited. 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 Chesapeake Lodging Trust Common Shares of Beneficial Interest (CHSP) traded higher by 1.43% or $0.24/share to $17.06. In the past year, the shares have traded as low as $15.01 and as high as $19.54. On average, 140110 shares of CHSP exchange hands on a given day and today's volume is recorded at 89563.
Shares of Chemical Financial Corp (CHFC) fell by 0.05% or $-0.01/share to $18.81. In the past year, the shares have traded as low as $17.85 and as high as $22.58. On average, 72730 shares of CHFC exchange hands on a given day and today's volume is recorded at 51061.
Shares of Transocean Ltd (RIG) traded higher by 3.48% or $2.11/share to $62.7. In the past year, the shares have traded as low as $43.78 and as high as $84.98. On average, 4574700 shares of RIG exchange hands on a given day and today's volume is recorded at 4393091.
Shares of The Babcock & Wilcox Company (BWC) fell by 3.24% or $-0.84/share to $25.05. In the past year, the shares have traded as low as $20.75 and as high as $36.02. On average, 632030 shares of BWC exchange hands on a given day and today's volume is recorded at 583998.
Shares of Teck Resources Limited (TCK) traded higher by 3.10% or $1.57/share to $52.19. In the past year, the shares have traded as low as $29.95 and as high as $64.94. On average, 3587320 shares of TCK exchange hands on a given day and today's volume is recorded at 2378903.
