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Wednesday, August 3, 2011

Technical Downward Wedge: (PUK), (NE), (GDOT), (CW), (CHFC)

Downward wedge patterns have been noticed on August 3 for the stocks Prudential plc, Noble Corp, Green Dot Corporation, Curtiss-Wright Corp, and Chemical Financial 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 Prudential plc (PUK) traded higher by 0.80% or $0.17/share to $21.45. In the past year, the shares have traded as low as $16.35 and as high as $26.02. On average, 261700 shares of PUK exchange hands on a given day and today's volume is recorded at 549538.

Shares of Noble Corp (NE) fell by 1.54% or $-0.55/share to $35.11. In the past year, the shares have traded as low as $29.91 and as high as $46.56. On average, 3685460 shares of NE exchange hands on a given day and today's volume is recorded at 4860878.

Shares of Green Dot Corporation (GDOT) traded higher by 2.89% or $0.88/share to $31.38. In the past year, the shares have traded as low as $29.38 and as high as $65.10. On average, 314170 shares of GDOT exchange hands on a given day and today's volume is recorded at 299030.

Shares of Curtiss-Wright Corp (CW) traded higher by 0.68% or $0.21/share to $31.02. In the past year, the shares have traded as low as $25.85 and as high as $38.74. On average, 275880 shares of CW exchange hands on a given day and today's volume is recorded at 250781.

Shares of Chemical Financial Corp (CHFC) traded higher by 2.86% or $0.53/share to $19.03. In the past year, the shares have traded as low as $17.85 and as high as $22.58. On average, 73170 shares of CHFC exchange hands on a given day and today's volume is recorded at 59547.