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Sunday, August 28, 2011

Technical Downward Wedge: (NWL), (GDOT), (CXS), (GFIG), (BAP)

Downward wedge patterns have been noticed on August 28 for the stocks Newell Rubbermaid Inc, Green Dot Corporation, Crexus Investment Corp, GFI Group Inc, and Credicorp 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 Newell Rubbermaid Inc (NWL) traded higher by 1.74% or $0.23/share to $13.46. In the past year, the shares have traded as low as $11.50 and as high as $20.24. On average, 5123160 shares of NWL exchange hands on a given day and today's volume is recorded at 3280972.

Shares of Green Dot Corporation (GDOT) traded higher by 3.70% or $1.17/share to $32.75. In the past year, the shares have traded as low as $24.94 and as high as $65.10. On average, 288260 shares of GDOT exchange hands on a given day and today's volume is recorded at 191791.

Shares of Crexus Investment Corp (CXS) traded higher by 0.66% or $0.06/share to $9.16. In the past year, the shares have traded as low as $8.85 and as high as $13.19. On average, 726350 shares of CXS exchange hands on a given day and today's volume is recorded at 402664.

Shares of GFI Group Inc (GFIG) traded higher by 2.38% or $0.10/share to $4.3. In the past year, the shares have traded as low as $3.63 and as high as $5.57. On average, 427730 shares of GFIG exchange hands on a given day and today's volume is recorded at 396467.

Shares of Credicorp Ltd (BAP) traded higher by 0.09% or $0.08/share to $93.84. In the past year, the shares have traded as low as $80.79 and as high as $126.06. On average, 682850 shares of BAP exchange hands on a given day and today's volume is recorded at 130703.