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Tuesday, September 6, 2011

Technical Downward Wedge: (NTL), (TDW), (IMKTA), (WWE), (UMC)

Downward wedge patterns have been noticed on September 6 for the stocks Nortel Inversora S.A, Tidewater Inc, Ingles Markets Inc, World Wrestling Entertainment Inc, and United Microelectronics Corporation. 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 Nortel Inversora S.A (NTL) fell by 2.63% or $-0.68/share to $25.15. In the past year, the shares have traded as low as $21.56 and as high as $36.09. On average, 13080 shares of NTL exchange hands on a given day and today's volume is recorded at 2662.

Shares of Tidewater Inc (TDW) fell by 0.63% or $-0.33/share to $51.37. In the past year, the shares have traded as low as $39.93 and as high as $62.98. On average, 692980 shares of TDW exchange hands on a given day and today's volume is recorded at 308825.

Shares of Ingles Markets Inc (IMKTA) fell by 1.11% or $-0.16/share to $14.2. In the past year, the shares have traded as low as $14.05 and as high as $19.92. On average, 40210 shares of IMKTA exchange hands on a given day and today's volume is recorded at 22225.

Shares of World Wrestling Entertainment Inc (WWE) fell by 2.65% or $-0.24/share to $8.8. In the past year, the shares have traded as low as $8.68 and as high as $14.12. On average, 238020 shares of WWE exchange hands on a given day and today's volume is recorded at 206094.

Shares of United Microelectronics Corporation (UMC) fell by 3.09% or $-0.06/share to $1.88. In the past year, the shares have traded as low as $1.79 and as high as $3.26. On average, 3684640 shares of UMC exchange hands on a given day and today's volume is recorded at 5289103.