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Sunday, September 18, 2011

Bullish Wedge Pattern Detected: (CYH), (TDW), (GFIG), (ANAT), (SMBL)

Downward wedge patterns have been noticed on September 18 for the stocks Community Health Systems, Inc, Tidewater Inc, GFI Group Inc, American National Insurance Co, and Smart Balance, 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 Community Health Systems, Inc (CYH) traded higher by 0.48% or $0.09/share to $18.8. In the past year, the shares have traded as low as $17.01 and as high as $42.50. On average, 2196410 shares of CYH exchange hands on a given day and today's volume is recorded at 1315054.

Shares of Tidewater Inc (TDW) traded higher by 0.94% or $0.51/share to $54.78. In the past year, the shares have traded as low as $40.85 and as high as $62.97. On average, 667260 shares of TDW exchange hands on a given day and today's volume is recorded at 757257.

Shares of GFI Group Inc (GFIG) traded higher by 0.95% or $0.04/share to $4.23. In the past year, the shares have traded as low as $3.63 and as high as $5.57. On average, 437240 shares of GFIG exchange hands on a given day and today's volume is recorded at 732283.

Shares of American National Insurance Co (ANAT) fell by 2.45% or $-1.78/share to $70.88. In the past year, the shares have traded as low as $70.11 and as high as $86.63. On average, 21690 shares of ANAT exchange hands on a given day and today's volume is recorded at 26059.

Shares of Smart Balance, Inc (SMBL) traded higher by 0.20% or $0.01/share to $5.1. In the past year, the shares have traded as low as $3.35 and as high as $5.74. On average, 261579 shares of SMBL exchange hands on a given day and today's volume is recorded at 383530.