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Thursday, September 15, 2011

Technical Downward Wedge: (RGS), (CYH), (HSFT), (EGOV), (SFD)

Downward wedge patterns have been noticed on September 15 for the stocks Regis Corp, Community Health Systems, Inc, hiSoft Technology International Ltd, NIC Inc, and Smithfield Foods 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 Regis Corp (RGS) traded higher by 1.42% or $0.20/share to $14.25. In the past year, the shares have traded as low as $12.41 and as high as $21.44. On average, 527840 shares of RGS exchange hands on a given day and today's volume is recorded at 320295.

Shares of Community Health Systems, Inc (CYH) traded higher by 4.40% or $0.79/share to $18.74. In the past year, the shares have traded as low as $17.01 and as high as $42.50. On average, 2199370 shares of CYH exchange hands on a given day and today's volume is recorded at 1006954.

Shares of hiSoft Technology International Ltd (HSFT) traded higher by 7.23% or $0.76/share to $11.27. In the past year, the shares have traded as low as $8.98 and as high as $34.00. On average, 261450 shares of HSFT exchange hands on a given day and today's volume is recorded at 131723.

Shares of NIC Inc (EGOV) traded higher by 1.15% or $0.13/share to $11.47. In the past year, the shares have traded as low as $7.33 and as high as $13.80. On average, 286310 shares of EGOV exchange hands on a given day and today's volume is recorded at 88429.

Shares of Smithfield Foods Inc (SFD) traded higher by 1.03% or $0.20/share to $19.62. In the past year, the shares have traded as low as $14.82 and as high as $24.93. On average, 2782820 shares of SFD exchange hands on a given day and today's volume is recorded at 1927673.