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Wednesday, October 12, 2011

Bullish Downward Wedge Detected: (CPTS), (SWKS), (SNCR), (GSS), (BH)

Downward wedge patterns have been noticed on October 12 for the stocks Conceptus, Inc, Skyworks Solutions Inc, Synchronoss Technologies, Inc, Golden Star Resources, Ltd, and Biglari Holdings 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 Conceptus, Inc (CPTS) fell by 0.85% or $-0.09/share to $10.48. In the past year, the shares have traded as low as $9.68 and as high as $15.78. On average, 256930 shares of CPTS exchange hands on a given day and today's volume is recorded at 121867.

Shares of Skyworks Solutions Inc (SWKS) traded higher by 4.07% or $0.81/share to $20.72. In the past year, the shares have traded as low as $16.34 and as high as $37.82. On average, 4522650 shares of SWKS exchange hands on a given day and today's volume is recorded at 8661917.

Shares of Synchronoss Technologies, Inc (SNCR) traded higher by 4.19% or $1.05/share to $26.08. In the past year, the shares have traded as low as $18.53 and as high as $35.90. On average, 404140 shares of SNCR exchange hands on a given day and today's volume is recorded at 273942.

Shares of Golden Star Resources, Ltd (GSS) traded higher by 4.85% or $0.10/share to $2.16. In the past year, the shares have traded as low as $1.55 and as high as $6.01. On average, 4140840 shares of GSS exchange hands on a given day and today's volume is recorded at 2741380.

Shares of Biglari Holdings Inc (BH) traded higher by 2.49% or $7.99/share to $328.98. In the past year, the shares have traded as low as $279.86 and as high as $464.79. On average, 8950 shares of BH exchange hands on a given day and today's volume is recorded at 16904.