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Monday, October 10, 2011

Bullish Downward Wedge Detected: (NVO), (GS), (GSS), (CKP), (CIA)

Downward wedge patterns have been noticed on October 10 for the stocks Novo Nordisk A/S, The Goldman Sachs Group, Inc, Golden Star Resources, Ltd, Checkpoint Systems Inc, and Citizens 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 Novo Nordisk A/S (NVO) traded higher by 5.15% or $4.87/share to $99.45. In the past year, the shares have traded as low as $88.56 and as high as $132.88. On average, 375760 shares of NVO exchange hands on a given day and today's volume is recorded at 230683.

Shares of The Goldman Sachs Group, Inc (GS) traded higher by 2.51% or $2.33/share to $95.02. In the past year, the shares have traded as low as $84.27 and as high as $174.00. On average, 8269639 shares of GS exchange hands on a given day and today's volume is recorded at 3969338.

Shares of Golden Star Resources, Ltd (GSS) traded higher by 2.65% or $0.05/share to $1.94. In the past year, the shares have traded as low as $1.55 and as high as $6.01. On average, 4121630 shares of GSS exchange hands on a given day and today's volume is recorded at 1000868.

Shares of Checkpoint Systems Inc (CKP) traded higher by 2.75% or $0.38/share to $14.2. In the past year, the shares have traded as low as $12.36 and as high as $23.00. On average, 252460 shares of CKP exchange hands on a given day and today's volume is recorded at 46599.

Shares of Citizens Inc (CIA) traded higher by 4.10% or $0.27/share to $6.85. In the past year, the shares have traded as low as $5.96 and as high as $7.89. On average, 94290 shares of CIA exchange hands on a given day and today's volume is recorded at 37819.