Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, October 27, 2011

Bullish Downward Wedge Detected: (HMY), (WTFC), (BPZ), (ESGR), (OSG)

Downward wedge patterns have been noticed on October 27 for the stocks Harmony Gold Mining Co. Ltd, Wintrust Financial Corporation, BPZ Resources, Inc, Enstar Group Limited, and Overseas Shipholding Group 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 Harmony Gold Mining Co. Ltd (HMY) traded higher by 2.73% or $0.35/share to $13.18. In the past year, the shares have traded as low as $10.19 and as high as $15.63. On average, 3078480 shares of HMY exchange hands on a given day and today's volume is recorded at 1580657.

Shares of Wintrust Financial Corporation (WTFC) traded higher by 5.03% or $1.44/share to $30.07. In the past year, the shares have traded as low as $24.30 and as high as $37.23. On average, 414550 shares of WTFC exchange hands on a given day and today's volume is recorded at 350718.

Shares of BPZ Resources, Inc (BPZ) traded higher by 10.96% or $0.32/share to $3.24. In the past year, the shares have traded as low as $2.07 and as high as $6.83. On average, 1953040 shares of BPZ exchange hands on a given day and today's volume is recorded at 2603797.

Shares of Enstar Group Limited (ESGR) traded higher by 4.51% or $4.31/share to $99.79. In the past year, the shares have traded as low as $76.60 and as high as $114.56. On average, 23280 shares of ESGR exchange hands on a given day and today's volume is recorded at 19351.

Shares of Overseas Shipholding Group Inc (OSG) traded higher by 6.92% or $0.90/share to $13.91. In the past year, the shares have traded as low as $11.80 and as high as $36.43. On average, 848760 shares of OSG exchange hands on a given day and today's volume is recorded at 752929.