Downward wedge patterns have been noticed on August 22 for the stocks Echelon Corporation, China Unicom (Hong Kong) Limited, Regis Corp, Petrobras Argentina SA, and Global Power Equipment Group 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 Echelon Corporation (ELON) traded higher by 0.06% or $0.00/share to $8.02. In the past year, the shares have traded as low as $7.17 and as high as $10.71. On average, 251990 shares of ELON exchange hands on a given day and today's volume is recorded at 167648.
Shares of China Unicom (Hong Kong) Limited (CHU) fell by 0.97% or $-0.17/share to $17.42. In the past year, the shares have traded as low as $13.09 and as high as $22.12. On average, 2219930 shares of CHU exchange hands on a given day and today's volume is recorded at 2415765.
Shares of Regis Corp (RGS) remained unchanged at $13.57. In the past year, the shares have traded as low as $12.46 and as high as $21.54. On average, 539700 shares of RGS exchange hands on a given day and today's volume is recorded at 419446.
Shares of Petrobras Argentina SA (PZE) fell by 4.04% or $-0.67/share to $15.91. In the past year, the shares have traded as low as $14.19 and as high as $28.06. On average, 71790 shares of PZE exchange hands on a given day and today's volume is recorded at 42576.
Shares of Global Power Equipment Group Inc (GLPW) fell by 1.82% or $-0.42/share to $22.62. In the past year, the shares have traded as low as $13.73 and as high as $30.18. On average, 143100 shares of GLPW exchange hands on a given day and today's volume is recorded at 75771.
