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Wednesday, August 24, 2011

Downward Wedge Patterns Shown in Stocks: (GMO), (GFIG), (NOK), (TGA), (GLPW)

Downward wedge patterns have been noticed on August 24 for the stocks General Moly, Inc, GFI Group Inc, Nokia Corporation, TransGlobe Energy Corp, 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 General Moly, Inc (GMO) traded higher by 1.61% or $0.06/share to $3.79. In the past year, the shares have traded as low as $2.85 and as high as $7.25. On average, 1116860 shares of GMO exchange hands on a given day and today's volume is recorded at 316779.

Shares of GFI Group Inc (GFIG) fell by 0.45% or $-0.02/share to $4.4. In the past year, the shares have traded as low as $3.63 and as high as $5.57. On average, 425600 shares of GFIG exchange hands on a given day and today's volume is recorded at 165244.

Shares of Nokia Corporation (NOK) fell by 1.06% or $-0.06/share to $6.05. In the past year, the shares have traded as low as $4.82 and as high as $11.07. On average, 42490820 shares of NOK exchange hands on a given day and today's volume is recorded at 17623624.

Shares of TransGlobe Energy Corp (TGA) traded higher by 0.11% or $0.01/share to $9.0. In the past year, the shares have traded as low as $7.12 and as high as $20.26. On average, 164380 shares of TGA exchange hands on a given day and today's volume is recorded at 66677.

Shares of Global Power Equipment Group Inc (GLPW) traded higher by 2.52% or $0.59/share to $24.04. In the past year, the shares have traded as low as $13.73 and as high as $30.18. On average, 141290 shares of GLPW exchange hands on a given day and today's volume is recorded at 30631.