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Tuesday, October 25, 2011

Bullish Downward Wedge Detected: (GEF), (EWA), (SREV), (HOGS), (SWC)

Downward wedge patterns have been noticed on October 25 for the stocks Greif, Inc, iShares MSCI Australia Index, ServiceSource International, In, Zhongpin, Inc, and Stillwater Mining Co. 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 Greif, Inc (GEF) fell by 1.25% or $-0.58/share to $45.91. In the past year, the shares have traded as low as $40.77 and as high as $66.75. On average, 225540 shares of GEF exchange hands on a given day and today's volume is recorded at 42575.

Shares of iShares MSCI Australia Index (EWA) fell by 2.06% or $-0.49/share to $23.27. In the past year, the shares have traded as low as $18.91 and as high as $27.88. On average, 6178880 shares of EWA exchange hands on a given day and today's volume is recorded at 4964353.

Shares of ServiceSource International, In (SREV) fell by 0.77% or $-0.10/share to $12.93. In the past year, the shares have traded as low as $11.29 and as high as $23.60. On average, 831060 shares of SREV exchange hands on a given day and today's volume is recorded at 268718.

Shares of Zhongpin, Inc (HOGS) fell by 1.60% or $-0.14/share to $8.61. In the past year, the shares have traded as low as $6.60 and as high as $25.00. On average, 572100 shares of HOGS exchange hands on a given day and today's volume is recorded at 124543.

Shares of Stillwater Mining Co (SWC) fell by 2.60% or $-0.25/share to $9.35. In the past year, the shares have traded as low as $7.31 and as high as $25.90. On average, 3878710 shares of SWC exchange hands on a given day and today's volume is recorded at 1490642.