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Friday, October 14, 2011

Alert for Upward Wedge Forming: (LAMR), (DNN), (HOGS), (GSS), (CLS)

Downward wedge patterns have been noticed on October 14 for the stocks Lamar Advertising Co, Denison Mines Corp, Zhongpin, Inc, Golden Star Resources, Ltd, and Celestica 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 Lamar Advertising Co (LAMR) fell by 2.66% or $-0.51/share to $18.69. In the past year, the shares have traded as low as $16.49 and as high as $41.88. On average, 1076340 shares of LAMR exchange hands on a given day and today's volume is recorded at 1197993.

Shares of Denison Mines Corp (DNN) traded higher by 3.49% or $0.04/share to $1.23. In the past year, the shares have traded as low as $0.81 and as high as $4.51. On average, 1480620 shares of DNN exchange hands on a given day and today's volume is recorded at 951350.

Shares of Zhongpin, Inc (HOGS) traded higher by 1.09% or $0.10/share to $8.85. In the past year, the shares have traded as low as $6.60 and as high as $25.01. On average, 785260 shares of HOGS exchange hands on a given day and today's volume is recorded at 588373.

Shares of Golden Star Resources, Ltd (GSS) traded higher by 4.17% or $0.09/share to $2.25. In the past year, the shares have traded as low as $1.55 and as high as $6.01. On average, 4001730 shares of GSS exchange hands on a given day and today's volume is recorded at 1609362.

Shares of Celestica Inc (CLS) traded higher by 2.16% or $0.18/share to $8.5. In the past year, the shares have traded as low as $6.79 and as high as $12.48. On average, 1118890 shares of CLS exchange hands on a given day and today's volume is recorded at 521999.