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Friday, August 26, 2011

Downward Wedge Patterns Shown in Stocks: (CXS), (NXTM), (GDOT), (BAP), (ELON)

Downward wedge patterns have been noticed on August 26 for the stocks Crexus Investment Corp, Nxstage Medical, Inc, Green Dot Corporation, Credicorp Ltd, and Echelon 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 Crexus Investment Corp (CXS) fell by 0.44% or $-0.04/share to $9.06. In the past year, the shares have traded as low as $8.85 and as high as $13.19. On average, 726350 shares of CXS exchange hands on a given day and today's volume is recorded at 317350.

Shares of Nxstage Medical, Inc (NXTM) traded higher by 0.17% or $0.03/share to $17.93. In the past year, the shares have traded as low as $15.07 and as high as $27.12. On average, 616890 shares of NXTM exchange hands on a given day and today's volume is recorded at 175064.

Shares of Green Dot Corporation (GDOT) traded higher by 3.29% or $1.04/share to $32.62. In the past year, the shares have traded as low as $24.94 and as high as $65.10. On average, 288260 shares of GDOT exchange hands on a given day and today's volume is recorded at 127706.

Shares of Credicorp Ltd (BAP) traded higher by 0.19% or $0.18/share to $93.94. In the past year, the shares have traded as low as $80.79 and as high as $126.06. On average, 682850 shares of BAP exchange hands on a given day and today's volume is recorded at 77667.

Shares of Echelon Corporation (ELON) traded higher by 2.23% or $0.18/share to $8.26. In the past year, the shares have traded as low as $7.38 and as high as $10.72. On average, 254400 shares of ELON exchange hands on a given day and today's volume is recorded at 74926.