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Thursday, September 22, 2011

Technical Downward Wedge: (AHL), (BPZ), (CBRL), (IEP), (GS)

Downward wedge patterns have been noticed on September 22 for the stocks Aspen Insurance Holdings Ltd, BPZ Resources, Inc, Cracker Barrel Old Country Store, Inc, Icahn Enterprises, L.P, and The Goldman Sachs 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 Aspen Insurance Holdings Ltd (AHL) traded higher by 0.71% or $0.16/share to $22.56. In the past year, the shares have traded as low as $22.40 and as high as $31.05. On average, 567360 shares of AHL exchange hands on a given day and today's volume is recorded at 484587.

Shares of BPZ Resources, Inc (BPZ) fell by 6.62% or $-0.20/share to $2.82. In the past year, the shares have traded as low as $2.07 and as high as $6.83. On average, 2099710 shares of BPZ exchange hands on a given day and today's volume is recorded at 1522166.

Shares of Cracker Barrel Old Country Store, Inc (CBRL) traded higher by 1.28% or $0.51/share to $40.41. In the past year, the shares have traded as low as $37.31 and as high as $57.03. On average, 293770 shares of CBRL exchange hands on a given day and today's volume is recorded at 528482.

Shares of Icahn Enterprises, L.P (IEP) fell by 3.16% or $-1.19/share to $36.51. In the past year, the shares have traded as low as $32.48 and as high as $46.86. On average, 11020 shares of IEP exchange hands on a given day and today's volume is recorded at 6823.

Shares of The Goldman Sachs Group, Inc (GS) fell by 5.53% or $-5.41/share to $92.45. In the past year, the shares have traded as low as $97.72 and as high as $174.01. On average, 7678430 shares of GS exchange hands on a given day and today's volume is recorded at 10468678.