Downward wedge patterns have been noticed on September 2 for the stocks J. C. Penney Company, Inc, General Moly, Inc, Warnaco Group Inc, Smithfield Foods Inc, and Nxstage Medical, 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 J. C. Penney Company, Inc (JCP) fell by 3.66% or $-0.96/share to $25.3. In the past year, the shares have traded as low as $20.09 and as high as $40.76. On average, 6494780 shares of JCP exchange hands on a given day and today's volume is recorded at 3956242.
Shares of General Moly, Inc (GMO) fell by 1.56% or $-0.06/share to $3.79. In the past year, the shares have traded as low as $3.04 and as high as $7.25. On average, 968950 shares of GMO exchange hands on a given day and today's volume is recorded at 412732.
Shares of Warnaco Group Inc (WRC) fell by 3.31% or $-1.72/share to $50.25. In the past year, the shares have traded as low as $44.39 and as high as $65.01. On average, 1336060 shares of WRC exchange hands on a given day and today's volume is recorded at 566999.
Shares of Smithfield Foods Inc (SFD) fell by 3.15% or $-0.68/share to $20.91. In the past year, the shares have traded as low as $14.82 and as high as $24.93. On average, 2754080 shares of SFD exchange hands on a given day and today's volume is recorded at 814588.
Shares of Nxstage Medical, Inc (NXTM) fell by 2.69% or $-0.48/share to $17.37. In the past year, the shares have traded as low as $15.93 and as high as $27.12. On average, 606620 shares of NXTM exchange hands on a given day and today's volume is recorded at 148692.
