Downward wedge patterns have been noticed on September 8 for the stocks Crexus Investment Corp, Ingles Markets Inc, J. C. Penney Company, Inc, Nortel Inversora S.A, and GFI Group 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 2.20% or $-0.20/share to $8.91. In the past year, the shares have traded as low as $8.67 and as high as $13.19. On average, 663090 shares of CXS exchange hands on a given day and today's volume is recorded at 173138.
Shares of Ingles Markets Inc (IMKTA) fell by 2.19% or $-0.32/share to $14.28. In the past year, the shares have traded as low as $14.05 and as high as $19.92. On average, 40230 shares of IMKTA exchange hands on a given day and today's volume is recorded at 10103.
Shares of J. C. Penney Company, Inc (JCP) fell by 2.29% or $-0.61/share to $26.08. In the past year, the shares have traded as low as $20.09 and as high as $40.76. On average, 6616960 shares of JCP exchange hands on a given day and today's volume is recorded at 2651872.
Shares of Nortel Inversora S.A (NTL) fell by 1.35% or $-0.34/share to $24.85. In the past year, the shares have traded as low as $21.67 and as high as $36.09. On average, 13000 shares of NTL exchange hands on a given day and today's volume is recorded at 1993.
Shares of GFI Group Inc (GFIG) fell by 2.58% or $-0.11/share to $4.16. In the past year, the shares have traded as low as $3.63 and as high as $5.57. On average, 433020 shares of GFIG exchange hands on a given day and today's volume is recorded at 164730.
