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Tuesday, August 23, 2011

Downward Wedge Patterns Shown in Stocks: (NOK), (NWL), (GDOT), (BWP), (GLPW)

Downward wedge patterns have been noticed on August 24 for the stocks Nokia Corporation, Newell Rubbermaid Inc, Green Dot Corporation, Boardwalk Pipeline Partners, LP, 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 Nokia Corporation (NOK) traded higher by 1.87% or $0.11/share to $5.99. In the past year, the shares have traded as low as $4.82 and as high as $11.06. On average, 42335760 shares of NOK exchange hands on a given day and today's volume is recorded at 18249506.

Shares of Newell Rubbermaid Inc (NWL) traded higher by 1.83% or $0.23/share to $12.82. In the past year, the shares have traded as low as $11.50 and as high as $20.24. On average, 5096660 shares of NWL exchange hands on a given day and today's volume is recorded at 2165216.

Shares of Green Dot Corporation (GDOT) traded higher by 1.86% or $0.57/share to $31.15. In the past year, the shares have traded as low as $24.94 and as high as $65.10. On average, 285300 shares of GDOT exchange hands on a given day and today's volume is recorded at 123688.

Shares of Boardwalk Pipeline Partners, LP (BWP) fell by 0.08% or $-0.02/share to $24.21. In the past year, the shares have traded as low as $23.64 and as high as $32.22. On average, 477750 shares of BWP exchange hands on a given day and today's volume is recorded at 525055.

Shares of Global Power Equipment Group Inc (GLPW) traded higher by 1.99% or $0.45/share to $23.11. In the past year, the shares have traded as low as $13.73 and as high as $30.18. On average, 141800 shares of GLPW exchange hands on a given day and today's volume is recorded at 88247.