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Thursday, September 15, 2011

Downward Wedge Detected: (HEES), (IEP), (GTE), (IMKTA), (JCP)

Downward wedge patterns have been noticed on September 15 for the stocks H&E Equipment Services Inc, Icahn Enterprises, L.P, Gran Tierra Energy, Inc, Ingles Markets Inc, and J. C. Penney Company, 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 H&E Equipment Services Inc (HEES) fell by 1.35% or $-0.13/share to $9.48. In the past year, the shares have traded as low as $7.51 and as high as $20.40. On average, 178790 shares of HEES exchange hands on a given day and today's volume is recorded at 83889.

Shares of Icahn Enterprises, L.P (IEP) traded higher by 0.72% or $0.28/share to $38.99. In the past year, the shares have traded as low as $32.48 and as high as $46.86. On average, 11780 shares of IEP exchange hands on a given day and today's volume is recorded at 9080.

Shares of Gran Tierra Energy, Inc (GTE) traded higher by 1.76% or $0.11/share to $6.1. In the past year, the shares have traded as low as $5.04 and as high as $9.65. On average, 837770 shares of GTE exchange hands on a given day and today's volume is recorded at 273788.

Shares of Ingles Markets Inc (IMKTA) traded higher by 0.97% or $0.14/share to $14.54. In the past year, the shares have traded as low as $14.05 and as high as $19.92. On average, 40470 shares of IMKTA exchange hands on a given day and today's volume is recorded at 16795.

Shares of J. C. Penney Company, Inc (JCP) traded higher by 0.19% or $0.05/share to $27.05. In the past year, the shares have traded as low as $23.00 and as high as $40.76. On average, 6035110 shares of JCP exchange hands on a given day and today's volume is recorded at 7091990.