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Thursday, August 4, 2011

Downward Wedge Detected: (CIS), (BRKS), (SYUT), (CINF), (APU)

Downward wedge patterns have been noticed on August 4 for the stocks Camelot Information Systems Inc, Brooks Automation Inc, Synutra International Inc, Cincinnati Financial Corp, and AmeriGas Partners LP. 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 Camelot Information Systems Inc (CIS) fell by 4.11% or $-0.47/share to $10.97. In the past year, the shares have traded as low as $11.16 and as high as $28.18. On average, 607810 shares of CIS exchange hands on a given day and today's volume is recorded at 304160.

Shares of Brooks Automation Inc (BRKS) fell by 6.09% or $-0.56/share to $8.64. In the past year, the shares have traded as low as $5.46 and as high as $14.59. On average, 416830 shares of BRKS exchange hands on a given day and today's volume is recorded at 427231.

Shares of Synutra International Inc (SYUT) fell by 4.45% or $-0.37/share to $7.95. In the past year, the shares have traded as low as $7.82 and as high as $18.00. On average, 58010 shares of SYUT exchange hands on a given day and today's volume is recorded at 38585.

Shares of Cincinnati Financial Corp (CINF) fell by 3.10% or $-0.84/share to $26.14. In the past year, the shares have traded as low as $25.05 and as high as $33.44. On average, 1226020 shares of CINF exchange hands on a given day and today's volume is recorded at 1981028.

Shares of AmeriGas Partners LP (APU) fell by 2.53% or $-1.08/share to $41.6. In the past year, the shares have traded as low as $39.79 and as high as $50.10. On average, 72030 shares of APU exchange hands on a given day and today's volume is recorded at 162409.