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Sunday, August 21, 2011

Technical Downward Wedge: (NOK), (BKH), (XRA), (NXTM), (GLPW)

Downward wedge patterns have been noticed on August 21 for the stocks Nokia Corporation, Black Hills Corporation, Exeter Resource Corporation, Nxstage Medical, Inc, and Global Power Equipment 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 Nokia Corporation (NOK) traded higher by 1.05% or $0.06/share to $5.8. In the past year, the shares have traded as low as $4.82 and as high as $11.06. On average, 41643630 shares of NOK exchange hands on a given day and today's volume is recorded at 50250240.

Shares of Black Hills Corporation (BKH) fell by 0.52% or $-0.15/share to $28.46. In the past year, the shares have traded as low as $25.52 and as high as $34.03. On average, 354710 shares of BKH exchange hands on a given day and today's volume is recorded at 262500.

Shares of Exeter Resource Corporation (XRA) fell by 2.48% or $-0.11/share to $4.33. In the past year, the shares have traded as low as $3.88 and as high as $7.20. On average, 400330 shares of XRA exchange hands on a given day and today's volume is recorded at 404753.

Shares of Nxstage Medical, Inc (NXTM) traded higher by 2.05% or $0.35/share to $17.44. In the past year, the shares have traded as low as $14.63 and as high as $27.12. On average, 633260 shares of NXTM exchange hands on a given day and today's volume is recorded at 645647.

Shares of Global Power Equipment Group Inc (GLPW) fell by 3.36% or $-0.80/share to $23.04. In the past year, the shares have traded as low as $13.73 and as high as $30.18. On average, 143120 shares of GLPW exchange hands on a given day and today's volume is recorded at 117253.