Downward wedge patterns have been noticed on October 25 for the stocks Youku.com Inc, Ctrip.com International Ltd, Warnaco Group Inc, First Trust ISE Global Copper Index, and Zipcar, 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 Youku.com Inc (YOKU) fell by 6.35% or $-1.43/share to $21.1. In the past year, the shares have traded as low as $13.76 and as high as $69.96. On average, 3945540 shares of YOKU exchange hands on a given day and today's volume is recorded at 1610970.
Shares of Ctrip.com International Ltd (CTRP) fell by 2.90% or $-1.00/share to $33.47. In the past year, the shares have traded as low as $29.59 and as high as $53.16. On average, 2453030 shares of CTRP exchange hands on a given day and today's volume is recorded at 1007939.
Shares of Warnaco Group Inc (WRC) fell by 2.95% or $-1.43/share to $47.06. In the past year, the shares have traded as low as $40.08 and as high as $65.01. On average, 1197960 shares of WRC exchange hands on a given day and today's volume is recorded at 607397.
Shares of First Trust ISE Global Copper Index (CU) fell by 2.32% or $-0.75/share to $31.54. In the past year, the shares have traded as low as $23.60 and as high as $46.51. On average, 83330 shares of CU exchange hands on a given day and today's volume is recorded at 20823.
Shares of Zipcar, Inc (ZIP) traded higher by 1.48% or $0.26/share to $17.86. In the past year, the shares have traded as low as $16.50 and as high as $31.50. On average, 308660 shares of ZIP exchange hands on a given day and today's volume is recorded at 136606.
