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Friday, September 9, 2011

Stocks with Downward Wedge Patterns: (IRF), (GFIG), (MKSI), (GTE), (WRC)

Downward wedge patterns have been noticed on September 9 for the stocks International Rectifier Corporation, GFI Group Inc, MKS Instruments Inc, Gran Tierra Energy, Inc, 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) fell by 2.81% or $-0.59/share to $20.43. In the past year, the shares have traded as low as $17.28 and as high as $35.26. On average, 710620 shares of IRF exchange hands on a given day and today's volume is recorded at 423970.

Shares of GFI Group Inc (GFIG) fell by 5.54% or $-0.23/share to $3.92. In the past year, the shares have traded as low as $3.63 and as high as $5.57. On average, 433350 shares of GFIG exchange hands on a given day and today's volume is recorded at 186952.

Shares of MKS Instruments Inc (MKSI) fell by 2.98% or $-0.68/share to $22.12. In the past year, the shares have traded as low as $16.31 and as high as $33.44. On average, 448140 shares of MKSI exchange hands on a given day and today's volume is recorded at 171554.

Shares of Gran Tierra Energy, Inc (GTE) fell by 4.72% or $-0.29/share to $5.86. In the past year, the shares have traded as low as $5.04 and as high as $9.64. On average, 851680 shares of GTE exchange hands on a given day and today's volume is recorded at 498220.

Shares of Warnaco Group Inc (WRC) fell by 1.97% or $-0.98/share to $48.79. In the past year, the shares have traded as low as $44.39 and as high as $65.01. On average, 1297470 shares of WRC exchange hands on a given day and today's volume is recorded at 1017099.