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Wednesday, September 7, 2011

Stocks with Downward Wedge Patterns: (IRF), (CYH), (WWE), (CXS), (WRC)

Downward wedge patterns have been noticed on September 7 for the stocks International Rectifier Corporation, Community Health Systems, Inc, World Wrestling Entertainment Inc, Crexus Investment Corp, and Warnaco 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 International Rectifier Corporation (IRF) traded higher by 4.39% or $0.90/share to $21.38. In the past year, the shares have traded as low as $17.28 and as high as $35.26. On average, 713660 shares of IRF exchange hands on a given day and today's volume is recorded at 563608.

Shares of Community Health Systems, Inc (CYH) traded higher by 5.25% or $0.95/share to $19.03. In the past year, the shares have traded as low as $17.60 and as high as $42.50. On average, 2180810 shares of CYH exchange hands on a given day and today's volume is recorded at 1248161.

Shares of World Wrestling Entertainment Inc (WWE) traded higher by 5.21% or $0.46/share to $9.29. In the past year, the shares have traded as low as $8.68 and as high as $14.12. On average, 236840 shares of WWE exchange hands on a given day and today's volume is recorded at 130741.

Shares of Crexus Investment Corp (CXS) traded higher by 3.06% or $0.27/share to $9.09. In the past year, the shares have traded as low as $8.67 and as high as $13.19. On average, 683480 shares of CXS exchange hands on a given day and today's volume is recorded at 222031.

Shares of Warnaco Group Inc (WRC) traded higher by 3.25% or $1.60/share to $50.81. In the past year, the shares have traded as low as $44.39 and as high as $65.01. On average, 1319100 shares of WRC exchange hands on a given day and today's volume is recorded at 493013.