Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, August 18, 2011

Downward Wedge Detected: (RGS), (BKCC), (GMO), (NXTM), (BKH)

Downward wedge patterns have been noticed on August 18 for the stocks Regis Corp, BlackRock Kelso Capital Corporation, General Moly, Inc, Nxstage Medical, Inc, and Black Hills Corporation. 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 Regis Corp (RGS) fell by 3.95% or $-0.57/share to $13.86. In the past year, the shares have traded as low as $12.46 and as high as $21.54. On average, 537900 shares of RGS exchange hands on a given day and today's volume is recorded at 375473.

Shares of BlackRock Kelso Capital Corporation (BKCC) fell by 6.08% or $-0.53/share to $8.19. In the past year, the shares have traded as low as $7.05 and as high as $12.22. On average, 592250 shares of BKCC exchange hands on a given day and today's volume is recorded at 499760.

Shares of General Moly, Inc (GMO) fell by 4.20% or $-0.16/share to $3.65. In the past year, the shares have traded as low as $2.85 and as high as $7.25. On average, 1115730 shares of GMO exchange hands on a given day and today's volume is recorded at 813791.

Shares of Nxstage Medical, Inc (NXTM) fell by 5.16% or $-0.94/share to $17.29. In the past year, the shares have traded as low as $14.63 and as high as $27.12. On average, 628200 shares of NXTM exchange hands on a given day and today's volume is recorded at 436385.

Shares of Black Hills Corporation (BKH) fell by 2.52% or $-0.74/share to $28.57. In the past year, the shares have traded as low as $25.52 and as high as $34.03. On average, 355810 shares of BKH exchange hands on a given day and today's volume is recorded at 147784.