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Monday, October 3, 2011

Bullish Downward Wedge Detected: (GSG), (CKP), (WRC), (SYNA), (SNE)

Downward wedge patterns have been noticed on October 3 for the stocks iShares S&P GSCI Commodity-Indexed Trust, Checkpoint Systems Inc, Warnaco Group Inc, Synaptics Inc, and Sony Corporation. 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 iShares S&P GSCI Commodity-Indexed Trust (GSG) fell by 0.60% or $-0.18/share to $30.01. In the past year, the shares have traded as low as $30.13 and as high as $39.37. On average, 363440 shares of GSG exchange hands on a given day and today's volume is recorded at 509919.

Shares of Checkpoint Systems Inc (CKP) fell by 5.01% or $-0.68/share to $12.9. In the past year, the shares have traded as low as $12.41 and as high as $23.00. On average, 252840 shares of CKP exchange hands on a given day and today's volume is recorded at 118350.

Shares of Warnaco Group Inc (WRC) fell by 5.79% or $-2.67/share to $43.42. In the past year, the shares have traded as low as $44.39 and as high as $65.01. On average, 1211290 shares of WRC exchange hands on a given day and today's volume is recorded at 975041.

Shares of Synaptics Inc (SYNA) fell by 1.26% or $-0.30/share to $23.6. In the past year, the shares have traded as low as $21.97 and as high as $32.24. On average, 442010 shares of SYNA exchange hands on a given day and today's volume is recorded at 215255.

Shares of Sony Corporation (SNE) fell by 4.05% or $-0.77/share to $18.23. In the past year, the shares have traded as low as $18.39 and as high as $36.97. On average, 1212870 shares of SNE exchange hands on a given day and today's volume is recorded at 674508.