Downward wedge patterns have been noticed on August 9 for the stocks Global Power Equipment Group Inc, XL Group plc, Legacy Reserves Lp, Camelot Information Systems Inc, and Orbotech Ltd. 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 0.87% or $-0.21/share to $23.97. In the past year, the shares have traded as low as $13.73 and as high as $30.18. On average, 138680 shares of GLPW exchange hands on a given day and today's volume is recorded at 99971.
Shares of XL Group plc (XL) traded higher by 1.09% or $0.20/share to $18.59. In the past year, the shares have traded as low as $16.83 and as high as $25.30. On average, 4563670 shares of XL exchange hands on a given day and today's volume is recorded at 6741585.
Shares of Legacy Reserves Lp (LGCY) traded higher by 9.88% or $2.22/share to $24.7. In the past year, the shares have traded as low as $20.93 and as high as $32.56. On average, 156510 shares of LGCY exchange hands on a given day and today's volume is recorded at 350280.
Shares of Camelot Information Systems Inc (CIS) fell by 7.36% or $-0.82/share to $10.32. In the past year, the shares have traded as low as $10.51 and as high as $28.18. On average, 618350 shares of CIS exchange hands on a given day and today's volume is recorded at 430681.
Shares of Orbotech Ltd (ORBK) traded higher by 2.94% or $0.32/share to $11.19. In the past year, the shares have traded as low as $9.15 and as high as $15.62. On average, 199330 shares of ORBK exchange hands on a given day and today's volume is recorded at 116130.
