Downward wedge patterns have been noticed on September 16 for the stocks Warnaco Group Inc, OfficeMax Incorporated, Nxstage Medical, Inc, J. C. Penney Company, Inc, and Smart Balance, 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 Warnaco Group Inc (WRC) fell by 1.69% or $-0.90/share to $52.39. In the past year, the shares have traded as low as $44.39 and as high as $65.01. On average, 1260240 shares of WRC exchange hands on a given day and today's volume is recorded at 716623.
Shares of OfficeMax Incorporated (OMX) fell by 2.87% or $-0.17/share to $5.76. In the past year, the shares have traded as low as $5.02 and as high as $19.20. On average, 3003010 shares of OMX exchange hands on a given day and today's volume is recorded at 1465048.
Shares of Nxstage Medical, Inc (NXTM) fell by 5.60% or $-1.12/share to $18.87. In the past year, the shares have traded as low as $15.93 and as high as $27.12. On average, 573500 shares of NXTM exchange hands on a given day and today's volume is recorded at 480325.
Shares of J. C. Penney Company, Inc (JCP) traded higher by 1.87% or $0.51/share to $27.73. In the past year, the shares have traded as low as $23.23 and as high as $40.76. On average, 5881600 shares of JCP exchange hands on a given day and today's volume is recorded at 6661308.
Shares of Smart Balance, Inc (SMBL) fell by 0.20% or $-0.01/share to $5.08. In the past year, the shares have traded as low as $3.35 and as high as $5.74. On average, 261579 shares of SMBL exchange hands on a given day and today's volume is recorded at 266249.
