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Wednesday, September 28, 2011

Bullish Downward Wedge Detected: (WWE), (CTBI), (TI), (AHGP), (SYNA)

Downward wedge patterns have been noticed on September 28 for the stocks World Wrestling Entertainment Inc, Community Trust Bancorp Inc, Telecom Italia SpA, Alliance Holdings GP, L.P, and Synaptics 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 World Wrestling Entertainment Inc (WWE) fell by 0.53% or $-0.05/share to $9.36. In the past year, the shares have traded as low as $8.56 and as high as $13.93. On average, 217080 shares of WWE exchange hands on a given day and today's volume is recorded at 96955.

Shares of Community Trust Bancorp Inc (CTBI) fell by 1.69% or $-0.40/share to $23.21. In the past year, the shares have traded as low as $22.75 and as high as $29.29. On average, 47720 shares of CTBI exchange hands on a given day and today's volume is recorded at 18902.

Shares of Telecom Italia SpA (TI) traded higher by 0.09% or $0.01/share to $10.83. In the past year, the shares have traded as low as $9.74 and as high as $15.20. On average, 572010 shares of TI exchange hands on a given day and today's volume is recorded at 346080.

Shares of Alliance Holdings GP, L.P (AHGP) fell by 1.30% or $-0.58/share to $44.06. In the past year, the shares have traded as low as $37.39 and as high as $56.63. On average, 75980 shares of AHGP exchange hands on a given day and today's volume is recorded at 68843.

Shares of Synaptics Inc (SYNA) fell by 0.76% or $-0.18/share to $23.5. In the past year, the shares have traded as low as $21.97 and as high as $32.24. On average, 434890 shares of SYNA exchange hands on a given day and today's volume is recorded at 210771.