Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, September 9, 2011

Downward Wedge Patterns Shown in Stocks: (NXTM), (TDW), (CXS), (RGS), (IMO)

Downward wedge patterns have been noticed on September 9 for the stocks Nxstage Medical, Inc, Tidewater Inc, Crexus Investment Corp, Regis Corp, and Imperial Oil Ltd. 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 Nxstage Medical, Inc (NXTM) fell by 3.39% or $-0.62/share to $17.66. In the past year, the shares have traded as low as $15.93 and as high as $27.12. On average, 598350 shares of NXTM exchange hands on a given day and today's volume is recorded at 265527.

Shares of Tidewater Inc (TDW) fell by 2.21% or $-1.18/share to $52.3. In the past year, the shares have traded as low as $40.25 and as high as $62.97. On average, 679610 shares of TDW exchange hands on a given day and today's volume is recorded at 520095.

Shares of Crexus Investment Corp (CXS) fell by 2.85% or $-0.25/share to $8.69. In the past year, the shares have traded as low as $8.68 and as high as $13.20. On average, 661410 shares of CXS exchange hands on a given day and today's volume is recorded at 159804.

Shares of Regis Corp (RGS) fell by 4.31% or $-0.60/share to $13.33. In the past year, the shares have traded as low as $12.41 and as high as $21.44. On average, 533950 shares of RGS exchange hands on a given day and today's volume is recorded at 298225.

Shares of Imperial Oil Ltd (IMO) fell by 3.81% or $-1.50/share to $37.91. In the past year, the shares have traded as low as $35.61 and as high as $55.35. On average, 475580 shares of IMO exchange hands on a given day and today's volume is recorded at 260109.