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Friday, September 30, 2011

Bullish Downward Wedge Detected: (QNST), (HLX), (TI), (HEES), (WWE)

Downward wedge patterns have been noticed on September 30 for the stocks QuinStreet, Inc, Helix Energy Solutions Group, Inc, Telecom Italia SpA, H&E Equipment Services Inc, and World Wrestling Entertainment 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 QuinStreet, Inc (QNST) fell by 1.31% or $-0.14/share to $10.56. In the past year, the shares have traded as low as $10.12 and as high as $24.91. On average, 386900 shares of QNST exchange hands on a given day and today's volume is recorded at 116221.

Shares of Helix Energy Solutions Group, Inc (HLX) fell by 1.61% or $-0.22/share to $13.44. In the past year, the shares have traded as low as $10.88 and as high as $21.65. On average, 1963160 shares of HLX exchange hands on a given day and today's volume is recorded at 900558.

Shares of Telecom Italia SpA (TI) fell by 4.48% or $-0.51/share to $10.88. In the past year, the shares have traded as low as $9.74 and as high as $15.20. On average, 580710 shares of TI exchange hands on a given day and today's volume is recorded at 481631.

Shares of H&E Equipment Services Inc (HEES) fell by 3.86% or $-0.33/share to $8.23. In the past year, the shares have traded as low as $7.03 and as high as $20.40. On average, 169880 shares of HEES exchange hands on a given day and today's volume is recorded at 28753.

Shares of World Wrestling Entertainment Inc (WWE) fell by 3.12% or $-0.29/share to $9.0. In the past year, the shares have traded as low as $8.56 and as high as $13.93. On average, 215480 shares of WWE exchange hands on a given day and today's volume is recorded at 119640.