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Monday, August 22, 2011

Downward Wedge Detected: (NWL), (XRA), (ORBK), (GDOT), (GMO)

Downward wedge patterns have been noticed on August 22 for the stocks Newell Rubbermaid Inc, Exeter Resource Corporation, Orbotech Ltd, Green Dot Corporation, and General Moly, 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 Newell Rubbermaid Inc (NWL) traded higher by 0.80% or $0.10/share to $12.56. In the past year, the shares have traded as low as $11.50 and as high as $20.24. On average, 5092960 shares of NWL exchange hands on a given day and today's volume is recorded at 3325666.

Shares of Exeter Resource Corporation (XRA) traded higher by 3.46% or $0.15/share to $4.48. In the past year, the shares have traded as low as $3.88 and as high as $7.20. On average, 404020 shares of XRA exchange hands on a given day and today's volume is recorded at 281240.

Shares of Orbotech Ltd (ORBK) fell by 1.55% or $-0.16/share to $10.17. In the past year, the shares have traded as low as $9.15 and as high as $15.62. On average, 195810 shares of ORBK exchange hands on a given day and today's volume is recorded at 78097.

Shares of Green Dot Corporation (GDOT) traded higher by 2.07% or $0.62/share to $30.64. In the past year, the shares have traded as low as $24.94 and as high as $65.09. On average, 287050 shares of GDOT exchange hands on a given day and today's volume is recorded at 160878.

Shares of General Moly, Inc (GMO) fell by 1.67% or $-0.06/share to $3.53. In the past year, the shares have traded as low as $2.85 and as high as $7.25. On average, 1124760 shares of GMO exchange hands on a given day and today's volume is recorded at 1019579.