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Friday, September 2, 2011

Downward Wedge Patterns Shown in Stocks: (CXS), (IMO), (WWE), (BKH), (IMKTA)

Downward wedge patterns have been noticed on September 2 for the stocks Crexus Investment Corp, Imperial Oil Ltd, World Wrestling Entertainment Inc, Black Hills Corporation, and Ingles Markets 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 Crexus Investment Corp (CXS) fell by 1.02% or $-0.09/share to $9.03. In the past year, the shares have traded as low as $8.85 and as high as $13.19. On average, 708240 shares of CXS exchange hands on a given day and today's volume is recorded at 284082.

Shares of Imperial Oil Ltd (IMO) fell by 3.03% or $-1.25/share to $39.98. In the past year, the shares have traded as low as $35.61 and as high as $55.35. On average, 480050 shares of IMO exchange hands on a given day and today's volume is recorded at 327146.

Shares of World Wrestling Entertainment Inc (WWE) fell by 3.43% or $-0.32/share to $9.02. In the past year, the shares have traded as low as $8.68 and as high as $14.12. On average, 239140 shares of WWE exchange hands on a given day and today's volume is recorded at 101409.

Shares of Black Hills Corporation (BKH) fell by 1.66% or $-0.51/share to $30.25. In the past year, the shares have traded as low as $25.52 and as high as $34.03. On average, 361250 shares of BKH exchange hands on a given day and today's volume is recorded at 217211.

Shares of Ingles Markets Inc (IMKTA) fell by 1.57% or $-0.23/share to $14.4. In the past year, the shares have traded as low as $14.05 and as high as $19.92. On average, 39770 shares of IMKTA exchange hands on a given day and today's volume is recorded at 22319.