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Tuesday, July 5, 2011

Technical Downward Wedge: (SLB), (KEY), (MOVE), (TX), (FSRV)

Downward wedge patterns have been noticed on July 5 for the stocks Schlumberger Limited, KeyCorp, Move, Inc, Ternium S.A, and FirstService 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 Schlumberger Limited (SLB) traded higher by 0.90% or $0.79/share to $88.39. In the past year, the shares have traded as low as $52.47 and as high as $95.37. On average, 8332620 shares of SLB exchange hands on a given day and today's volume is recorded at 3916092.

Shares of KeyCorp (KEY) fell by 1.84% or $-0.16/share to $8.28. In the past year, the shares have traded as low as $7.08 and as high as $9.71. On average, 12086940 shares of KEY exchange hands on a given day and today's volume is recorded at 6693551.

Shares of Move, Inc (MOVE) fell by 0.23% or $-0.01/share to $2.18. In the past year, the shares have traded as low as $1.80 and as high as $2.88. On average, 1406770 shares of MOVE exchange hands on a given day and today's volume is recorded at 360959.

Shares of Ternium S.A (TX) fell by 1.61% or $-0.50/share to $30.58. In the past year, the shares have traded as low as $28.19 and as high as $42.77. On average, 575650 shares of TX exchange hands on a given day and today's volume is recorded at 183986.

Shares of FirstService Corp (FSRV) traded higher by 1.64% or $0.57/share to $35.25. In the past year, the shares have traded as low as $19.76 and as high as $40.57. On average, 26930 shares of FSRV exchange hands on a given day and today's volume is recorded at 16215.