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Wednesday, September 7, 2011

Downward Wedge Detected: (HEES), (NXTM), (RGS), (UMC), (GMO)

Downward wedge patterns have been noticed on September 7 for the stocks H&E Equipment Services Inc, Nxstage Medical, Inc, Regis Corp, United Microelectronics Corporation, and General Moly, 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) traded higher by 9.87% or $0.89/share to $9.91. In the past year, the shares have traded as low as $7.50 and as high as $20.40. On average, 179460 shares of HEES exchange hands on a given day and today's volume is recorded at 163345.

Shares of Nxstage Medical, Inc (NXTM) traded higher by 2.43% or $0.43/share to $18.11. In the past year, the shares have traded as low as $15.93 and as high as $27.12. On average, 604800 shares of NXTM exchange hands on a given day and today's volume is recorded at 195371.

Shares of Regis Corp (RGS) traded higher by 2.02% or $0.28/share to $14.15. In the past year, the shares have traded as low as $12.41 and as high as $21.44. On average, 539960 shares of RGS exchange hands on a given day and today's volume is recorded at 218190.

Shares of United Microelectronics Corporation (UMC) traded higher by 3.19% or $0.06/share to $1.94. In the past year, the shares have traded as low as $1.79 and as high as $3.26. On average, 3734860 shares of UMC exchange hands on a given day and today's volume is recorded at 1828293.

Shares of General Moly, Inc (GMO) traded higher by 3.49% or $0.13/share to $3.86. In the past year, the shares have traded as low as $3.04 and as high as $7.25. On average, 954420 shares of GMO exchange hands on a given day and today's volume is recorded at 742615.