Downward wedge patterns have been noticed on October 6 for the stocks Smithfield Foods Inc, Skyworks Solutions Inc, Community Bank System Inc, Applied Materials Inc, and iShares S&P Global 100 Index. 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 Smithfield Foods Inc (SFD) traded higher by 3.02% or $0.61/share to $20.79. In the past year, the shares have traded as low as $14.82 and as high as $24.93. On average, 2605580 shares of SFD exchange hands on a given day and today's volume is recorded at 1689321.
Shares of Skyworks Solutions Inc (SWKS) fell by 0.16% or $-0.03/share to $19.31. In the past year, the shares have traded as low as $16.34 and as high as $37.82. On average, 4562020 shares of SWKS exchange hands on a given day and today's volume is recorded at 2535259.
Shares of Community Bank System Inc (CBU) traded higher by 0.08% or $0.02/share to $23.72. In the past year, the shares have traded as low as $21.50 and as high as $28.04. On average, 284330 shares of CBU exchange hands on a given day and today's volume is recorded at 167017.
Shares of Applied Materials Inc (AMAT) traded higher by 1.04% or $0.11/share to $10.7. In the past year, the shares have traded as low as $9.70 and as high as $16.71. On average, 19009210 shares of AMAT exchange hands on a given day and today's volume is recorded at 14436454.
Shares of iShares S&P Global 100 Index (IOO) traded higher by 1.92% or $1.04/share to $55.19. In the past year, the shares have traded as low as $51.00 and as high as $68.06. On average, 162620 shares of IOO exchange hands on a given day and today's volume is recorded at 84541.
