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Monday, October 10, 2011

Bullish Wedge Pattern Detected: (DNB), (AHGP), (TKLC), (SKUL), (GFIG)

Downward wedge patterns have been noticed on October 10 for the stocks Dun & Bradstreet Corp, Alliance Holdings GP, L.P, Tekelec, Skullcandy, Inc, and GFI 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 Dun & Bradstreet Corp (DNB) traded higher by 1.83% or $1.13/share to $62.89. In the past year, the shares have traded as low as $58.50 and as high as $85.83. On average, 502720 shares of DNB exchange hands on a given day and today's volume is recorded at 187759.

Shares of Alliance Holdings GP, L.P (AHGP) traded higher by 2.52% or $1.13/share to $45.96. In the past year, the shares have traded as low as $37.39 and as high as $56.63. On average, 77160 shares of AHGP exchange hands on a given day and today's volume is recorded at 28106.

Shares of Tekelec (TKLC) traded higher by 3.01% or $0.20/share to $6.85. In the past year, the shares have traded as low as $5.64 and as high as $13.98. On average, 1047329 shares of TKLC exchange hands on a given day and today's volume is recorded at 303124.

Shares of Skullcandy, Inc (SKUL) traded higher by 0.59% or $0.08/share to $14.39. In the past year, the shares have traded as low as $11.81 and as high as $23.41. On average, 591250 shares of SKUL exchange hands on a given day and today's volume is recorded at 199786.

Shares of GFI Group Inc (GFIG) traded higher by 5.22% or $0.21/share to $4.23. In the past year, the shares have traded as low as $3.63 and as high as $5.57. On average, 451140 shares of GFIG exchange hands on a given day and today's volume is recorded at 89331.