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Thursday, August 25, 2011

Technical Downward Wedge: (HEES), (BKH), (ELON), (NXTM), (RGS)

Downward wedge patterns have been noticed on August 25 for the stocks H&E Equipment Services Inc, Black Hills Corporation, Echelon Corporation, Nxstage Medical, Inc, and Regis Corp. 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) traded higher by 1.30% or $0.12/share to $9.34. In the past year, the shares have traded as low as $6.60 and as high as $20.40. On average, 174190 shares of HEES exchange hands on a given day and today's volume is recorded at 115411.

Shares of Black Hills Corporation (BKH) fell by 0.81% or $-0.24/share to $29.3. In the past year, the shares have traded as low as $25.52 and as high as $34.03. On average, 356280 shares of BKH exchange hands on a given day and today's volume is recorded at 351983.

Shares of Echelon Corporation (ELON) fell by 3.20% or $-0.27/share to $8.16. In the past year, the shares have traded as low as $7.17 and as high as $10.72. On average, 253940 shares of ELON exchange hands on a given day and today's volume is recorded at 103566.

Shares of Nxstage Medical, Inc (NXTM) fell by 0.39% or $-0.07/share to $18.11. In the past year, the shares have traded as low as $14.63 and as high as $27.12. On average, 623530 shares of NXTM exchange hands on a given day and today's volume is recorded at 310970.

Shares of Regis Corp (RGS) fell by 1.40% or $-0.20/share to $14.09. In the past year, the shares have traded as low as $12.46 and as high as $21.54. On average, 538180 shares of RGS exchange hands on a given day and today's volume is recorded at 630479.