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

Tuesday, August 23, 2011

Downward Wedge Patterns Shown in Stocks: (CHU), (RGS), (BAP), (ORBK), (BKH)

Downward wedge patterns have been noticed on August 24 for the stocks China Unicom (Hong Kong) Limited, Regis Corp, Credicorp Ltd, Orbotech Ltd, 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 China Unicom (Hong Kong) Limited (CHU) traded higher by 2.25% or $0.39/share to $17.84. In the past year, the shares have traded as low as $13.09 and as high as $22.12. On average, 2215810 shares of CHU exchange hands on a given day and today's volume is recorded at 1713248.

Shares of Regis Corp (RGS) traded higher by 4.34% or $0.59/share to $14.17. In the past year, the shares have traded as low as $12.46 and as high as $21.54. On average, 538200 shares of RGS exchange hands on a given day and today's volume is recorded at 266653.

Shares of Credicorp Ltd (BAP) traded higher by 2.17% or $1.94/share to $91.18. In the past year, the shares have traded as low as $80.79 and as high as $126.06. On average, 689360 shares of BAP exchange hands on a given day and today's volume is recorded at 119782.

Shares of Orbotech Ltd (ORBK) traded higher by 1.67% or $0.17/share to $10.34. In the past year, the shares have traded as low as $9.15 and as high as $15.62. On average, 196110 shares of ORBK exchange hands on a given day and today's volume is recorded at 51745.

Shares of Black Hills Corporation (BKH) traded higher by 1.62% or $0.46/share to $28.77. In the past year, the shares have traded as low as $25.52 and as high as $34.03. On average, 355490 shares of BKH exchange hands on a given day and today's volume is recorded at 143561.