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Monday, September 12, 2011

Technical Downward Wedge: (GTE), (N), (MKSI), (IMKTA), (RGS)

Downward wedge patterns have been noticed on September 12 for the stocks Gran Tierra Energy, Inc, NetSuite Inc, MKS Instruments Inc, Ingles Markets Inc, and Regis Corp. 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 Gran Tierra Energy, Inc (GTE) fell by 1.20% or $-0.07/share to $5.78. In the past year, the shares have traded as low as $5.04 and as high as $9.64. On average, 852600 shares of GTE exchange hands on a given day and today's volume is recorded at 470804.

Shares of NetSuite Inc (N) traded higher by 1.46% or $0.43/share to $29.8. In the past year, the shares have traded as low as $19.24 and as high as $42.81. On average, 578430 shares of N exchange hands on a given day and today's volume is recorded at 274582.

Shares of MKS Instruments Inc (MKSI) traded higher by 1.07% or $0.24/share to $22.67. In the past year, the shares have traded as low as $16.31 and as high as $33.44. On average, 445320 shares of MKSI exchange hands on a given day and today's volume is recorded at 188218.

Shares of Ingles Markets Inc (IMKTA) fell by 1.18% or $-0.17/share to $14.23. In the past year, the shares have traded as low as $14.05 and as high as $19.92. On average, 40930 shares of IMKTA exchange hands on a given day and today's volume is recorded at 13981.

Shares of Regis Corp (RGS) fell by 0.81% or $-0.11/share to $13.42. In the past year, the shares have traded as low as $12.41 and as high as $21.44. On average, 528620 shares of RGS exchange hands on a given day and today's volume is recorded at 273099.