Downward wedge patterns have been noticed on August 8 for the stocks Camelot Information Systems Inc, XL Group plc, Orbotech Ltd, Synutra International Inc, and The Hanover Insurance 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 Camelot Information Systems Inc (CIS) fell by 0.27% or $-0.03/share to $11.09. In the past year, the shares have traded as low as $10.68 and as high as $28.18. On average, 610880 shares of CIS exchange hands on a given day and today's volume is recorded at 571620.
Shares of XL Group plc (XL) fell by 7.41% or $-1.48/share to $18.48. In the past year, the shares have traded as low as $16.82 and as high as $25.30. On average, 4463730 shares of XL exchange hands on a given day and today's volume is recorded at 8185316.
Shares of Orbotech Ltd (ORBK) fell by 8.42% or $-1.00/share to $10.87. In the past year, the shares have traded as low as $9.15 and as high as $15.62. On average, 195540 shares of ORBK exchange hands on a given day and today's volume is recorded at 348754.
Shares of Synutra International Inc (SYUT) fell by 2.84% or $-0.24/share to $8.21. In the past year, the shares have traded as low as $7.82 and as high as $17.64. On average, 57590 shares of SYUT exchange hands on a given day and today's volume is recorded at 278167.
Shares of The Hanover Insurance Group Inc (THG) fell by 8.27% or $-2.83/share to $31.4. In the past year, the shares have traded as low as $33.73 and as high as $48.33. On average, 285110 shares of THG exchange hands on a given day and today's volume is recorded at 595630.
