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Sunday, September 11, 2011

Stocks with Downward Wedge Patterns: (PRI), (WRC), (HEES), (UMC), (DBC)

Downward wedge patterns have been noticed on September 11 for the stocks Primerica, Inc, Warnaco Group Inc, H&E Equipment Services Inc, United Microelectronics Corporation, and PowerShares DB Commodity Index Tracking. 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 Primerica, Inc (PRI) fell by 1.87% or $-0.37/share to $19.44. In the past year, the shares have traded as low as $18.72 and as high as $26.12. On average, 248750 shares of PRI exchange hands on a given day and today's volume is recorded at 304968.

Shares of Warnaco Group Inc (WRC) fell by 0.70% or $-0.35/share to $49.42. 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 1341337.

Shares of H&E Equipment Services Inc (HEES) fell by 7.08% or $-0.68/share to $8.92. In the past year, the shares have traded as low as $7.51 and as high as $20.40. On average, 181930 shares of HEES exchange hands on a given day and today's volume is recorded at 111851.

Shares of United Microelectronics Corporation (UMC) fell by 2.58% or $-0.05/share to $1.89. In the past year, the shares have traded as low as $1.79 and as high as $3.26. On average, 3709700 shares of UMC exchange hands on a given day and today's volume is recorded at 2161878.

Shares of PowerShares DB Commodity Index Tracking (DBC) fell by 1.58% or $-0.47/share to $29.29. In the past year, the shares have traded as low as $22.94 and as high as $32.02. On average, 2600220 shares of DBC exchange hands on a given day and today's volume is recorded at 2150157.