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

Friday, August 26, 2011

Downward Wedge Patterns Shown in Stocks: (GMO), (BWP), (HEES), (BKH), (GFIG)

Downward wedge patterns have been noticed on August 26 for the stocks General Moly, Inc, Boardwalk Pipeline Partners, LP, H&E Equipment Services Inc, Black Hills Corporation, and GFI 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 4.41% or $0.16/share to $3.79. In the past year, the shares have traded as low as $2.86 and as high as $7.25. On average, 1041390 shares of GMO exchange hands on a given day and today's volume is recorded at 345224.

Shares of Boardwalk Pipeline Partners, LP (BWP) traded higher by 0.50% or $0.12/share to $23.98. In the past year, the shares have traded as low as $23.65 and as high as $32.22. On average, 493130 shares of BWP exchange hands on a given day and today's volume is recorded at 354270.

Shares of H&E Equipment Services Inc (HEES) traded higher by 4.41% or $0.41/share to $9.7. In the past year, the shares have traded as low as $6.60 and as high as $20.40. On average, 176050 shares of HEES exchange hands on a given day and today's volume is recorded at 45465.

Shares of Black Hills Corporation (BKH) traded higher by 0.34% or $0.10/share to $29.49. In the past year, the shares have traded as low as $25.52 and as high as $34.03. On average, 358210 shares of BKH exchange hands on a given day and today's volume is recorded at 194322.

Shares of GFI Group Inc (GFIG) traded higher by 2.38% or $0.10/share to $4.3. In the past year, the shares have traded as low as $3.63 and as high as $5.57. On average, 427730 shares of GFIG exchange hands on a given day and today's volume is recorded at 255933.