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Sunday, September 4, 2011

Downward Wedge Patterns Shown in Stocks: (CXS), (GMO), (WWE), (SFD), (ELON)

Downward wedge patterns have been noticed on September 4 for the stocks Crexus Investment Corp, General Moly, Inc, World Wrestling Entertainment Inc, Smithfield Foods Inc, and Echelon Corporation. 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 1.32% or $-0.12/share to $9.0. 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 428512.

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 587121.

Shares of World Wrestling Entertainment Inc (WWE) fell by 3.21% or $-0.30/share to $9.04. 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 189916.

Shares of Smithfield Foods Inc (SFD) fell by 2.83% or $-0.61/share to $20.98. 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 1416383.

Shares of Echelon Corporation (ELON) fell by 2.97% or $-0.24/share to $7.83. In the past year, the shares have traded as low as $7.67 and as high as $10.72. On average, 248420 shares of ELON exchange hands on a given day and today's volume is recorded at 235194.