Downward wedge patterns have been noticed on August 24 for the stocks Echelon Corporation, Logitech International SA, H&E Equipment Services Inc, GFI Group Inc, 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 Echelon Corporation (ELON) traded higher by 4.47% or $0.36/share to $8.41. In the past year, the shares have traded as low as $7.17 and as high as $10.72. On average, 252330 shares of ELON exchange hands on a given day and today's volume is recorded at 102439.
Shares of Logitech International SA (LOGI) traded higher by 5.92% or $0.56/share to $10.02. In the past year, the shares have traded as low as $7.85 and as high as $23.29. On average, 1871280 shares of LOGI exchange hands on a given day and today's volume is recorded at 1530320.
Shares of H&E Equipment Services Inc (HEES) traded higher by 4.76% or $0.41/share to $9.02. In the past year, the shares have traded as low as $6.60 and as high as $20.40. On average, 168970 shares of HEES exchange hands on a given day and today's volume is recorded at 443292.
Shares of GFI Group Inc (GFIG) traded higher by 2.23% or $0.10/share to $4.36. In the past year, the shares have traded as low as $3.64 and as high as $5.58. On average, 423480 shares of GFIG exchange hands on a given day and today's volume is recorded at 206694.
Shares of Petrobras Argentina SA (PZE) traded higher by 1.75% or $0.28/share to $16.24. In the past year, the shares have traded as low as $14.18 and as high as $28.06. On average, 71750 shares of PZE exchange hands on a given day and today's volume is recorded at 51054.
