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Thursday, August 25, 2011

Stocks with Downward Wedge Patterns: (GLPW), (BWP), (TGA), (NOK), (GDOT)

Downward wedge patterns have been noticed on August 25 for the stocks Global Power Equipment Group Inc, Boardwalk Pipeline Partners, LP, TransGlobe Energy Corp, Nokia Corporation, and Green Dot 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 Global Power Equipment Group Inc (GLPW) fell by 4.49% or $-1.09/share to $23.18. In the past year, the shares have traded as low as $13.73 and as high as $30.18. On average, 139740 shares of GLPW exchange hands on a given day and today's volume is recorded at 42360.

Shares of Boardwalk Pipeline Partners, LP (BWP) fell by 1.15% or $-0.28/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, 488680 shares of BWP exchange hands on a given day and today's volume is recorded at 398634.

Shares of TransGlobe Energy Corp (TGA) fell by 1.97% or $-0.18/share to $8.94. In the past year, the shares have traded as low as $7.12 and as high as $20.26. On average, 164330 shares of TGA exchange hands on a given day and today's volume is recorded at 82370.

Shares of Nokia Corporation (NOK) fell by 2.95% or $-0.18/share to $5.88. In the past year, the shares have traded as low as $4.82 and as high as $11.06. On average, 42568140 shares of NOK exchange hands on a given day and today's volume is recorded at 14256509.

Shares of Green Dot Corporation (GDOT) traded higher by 1.28% or $0.40/share to $31.55. In the past year, the shares have traded as low as $24.94 and as high as $65.11. On average, 288210 shares of GDOT exchange hands on a given day and today's volume is recorded at 125190.