Downward wedge patterns have been noticed on October 9 for the stocks GFI Group Inc, Telecom Italia SpA, United Bankshares Inc, Community Trust Bancorp Inc, and Helen of Troy Limited. 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 GFI Group Inc (GFIG) fell by 4.29% or $-0.18/share to $4.02. In the past year, the shares have traded as low as $3.63 and as high as $5.57. On average, 453320 shares of GFIG exchange hands on a given day and today's volume is recorded at 302707.
Shares of Telecom Italia SpA (TI) fell by 1.04% or $-0.12/share to $11.44. In the past year, the shares have traded as low as $9.74 and as high as $15.20. On average, 600590 shares of TI exchange hands on a given day and today's volume is recorded at 355342.
Shares of United Bankshares Inc (UBSI) fell by 4.19% or $-0.92/share to $21.02. In the past year, the shares have traded as low as $18.78 and as high as $29.68. On average, 304460 shares of UBSI exchange hands on a given day and today's volume is recorded at 260786.
Shares of Community Trust Bancorp Inc (CTBI) fell by 3.46% or $-0.87/share to $24.26. In the past year, the shares have traded as low as $22.28 and as high as $29.30. On average, 50620 shares of CTBI exchange hands on a given day and today's volume is recorded at 45103.
Shares of Helen of Troy Limited (HELE) fell by 3.89% or $-1.03/share to $25.48. In the past year, the shares have traded as low as $22.51 and as high as $36.75. On average, 215830 shares of HELE exchange hands on a given day and today's volume is recorded at 346496.
