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Thursday, September 22, 2011

Bullish Wedge Pattern Detected: (IBOC), (GPRE), (GTE), (UMBF), (GFIG)

Downward wedge patterns have been noticed on September 22 for the stocks International Bancshares Corp, Green Plains Renewable Energy, Inc, Gran Tierra Energy, Inc, UMB Financial Corporation, and GFI Group 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 Bancshares Corp (IBOC) fell by 0.15% or $-0.02/share to $13.01. In the past year, the shares have traded as low as $13.01 and as high as $20.97. On average, 226200 shares of IBOC exchange hands on a given day and today's volume is recorded at 355673.

Shares of Green Plains Renewable Energy, Inc (GPRE) fell by 3.10% or $-0.30/share to $9.39. In the past year, the shares have traded as low as $9.06 and as high as $13.64. On average, 222410 shares of GPRE exchange hands on a given day and today's volume is recorded at 181822.

Shares of Gran Tierra Energy, Inc (GTE) fell by 8.62% or $-0.48/share to $5.09. In the past year, the shares have traded as low as $5.04 and as high as $9.64. On average, 812090 shares of GTE exchange hands on a given day and today's volume is recorded at 904583.

Shares of UMB Financial Corporation (UMBF) fell by 1.85% or $-0.63/share to $33.41. In the past year, the shares have traded as low as $33.47 and as high as $45.55. On average, 176630 shares of UMBF exchange hands on a given day and today's volume is recorded at 102471.

Shares of GFI Group Inc (GFIG) fell by 5.80% or $-0.24/share to $3.9. In the past year, the shares have traded as low as $3.63 and as high as $5.57. On average, 449410 shares of GFIG exchange hands on a given day and today's volume is recorded at 450213.