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

Wednesday, August 24, 2011

Stocks with Downward Wedge Patterns: (HEES), (RGS), (CHU), (GDOT), (PZE)

Downward wedge patterns have been noticed on August 24 for the stocks H&E Equipment Services Inc, Regis Corp, China Unicom (Hong Kong) Limited, Green Dot Corporation, and Petrobras Argentina SA. 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 H&E Equipment Services Inc (HEES) fell by 0.87% or $-0.08/share to $9.16. In the past year, the shares have traded as low as $6.60 and as high as $20.40. On average, 174750 shares of HEES exchange hands on a given day and today's volume is recorded at 99086.

Shares of Regis Corp (RGS) fell by 1.45% or $-0.21/share to $14.27. In the past year, the shares have traded as low as $12.46 and as high as $21.54. On average, 539080 shares of RGS exchange hands on a given day and today's volume is recorded at 374000.

Shares of China Unicom (Hong Kong) Limited (CHU) traded higher by 7.02% or $1.26/share to $19.21. In the past year, the shares have traded as low as $13.09 and as high as $22.12. On average, 2157860 shares of CHU exchange hands on a given day and today's volume is recorded at 4049344.

Shares of Green Dot Corporation (GDOT) fell by 0.60% or $-0.19/share to $31.23. In the past year, the shares have traded as low as $24.94 and as high as $65.10. On average, 286720 shares of GDOT exchange hands on a given day and today's volume is recorded at 194945.

Shares of Petrobras Argentina SA (PZE) traded higher by 0.61% or $0.10/share to $16.48. In the past year, the shares have traded as low as $14.18 and as high as $28.06. On average, 71920 shares of PZE exchange hands on a given day and today's volume is recorded at 62636.