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Sunday, September 18, 2011

Bullish Downward Wedge Detected: (IRF), (IMKTA), (GTE), (RGS), (NXTM)

Downward wedge patterns have been noticed on September 18 for the stocks International Rectifier Corporation, Ingles Markets Inc, Gran Tierra Energy, Inc, Regis Corp, and Nxstage Medical, 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 International Rectifier Corporation (IRF) fell by 1.08% or $-0.24/share to $21.92. In the past year, the shares have traded as low as $17.28 and as high as $35.26. On average, 720870 shares of IRF exchange hands on a given day and today's volume is recorded at 494304.

Shares of Ingles Markets Inc (IMKTA) fell by 0.21% or $-0.03/share to $14.41. In the past year, the shares have traded as low as $14.05 and as high as $19.92. On average, 40490 shares of IMKTA exchange hands on a given day and today's volume is recorded at 72304.

Shares of Gran Tierra Energy, Inc (GTE) traded higher by 0.98% or $0.06/share to $6.2. In the past year, the shares have traded as low as $5.04 and as high as $9.64. On average, 831580 shares of GTE exchange hands on a given day and today's volume is recorded at 528266.

Shares of Regis Corp (RGS) traded higher by 0.49% or $0.07/share to $14.39. In the past year, the shares have traded as low as $12.41 and as high as $21.44. On average, 525990 shares of RGS exchange hands on a given day and today's volume is recorded at 619742.

Shares of Nxstage Medical, Inc (NXTM) fell by 3.95% or $-0.79/share to $19.2. In the past year, the shares have traded as low as $15.93 and as high as $27.12. On average, 573500 shares of NXTM exchange hands on a given day and today's volume is recorded at 659216.