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Thursday, October 6, 2011

Bullish Wedge Pattern Detected: (GSG), (AFG), (QNST), (CKP), (OPEN)

Downward wedge patterns have been noticed on October 6 for the stocks iShares S&P GSCI Commodity-Indexed Trust, American Financial Group Inc, QuinStreet, Inc, Checkpoint Systems Inc, and OpenTable, 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 iShares S&P GSCI Commodity-Indexed Trust (GSG) traded higher by 2.18% or $0.66/share to $30.95. In the past year, the shares have traded as low as $29.02 and as high as $39.37. On average, 362290 shares of GSG exchange hands on a given day and today's volume is recorded at 108771.

Shares of American Financial Group Inc (AFG) traded higher by 0.68% or $0.22/share to $32.43. In the past year, the shares have traded as low as $29.45 and as high as $35.90. On average, 474890 shares of AFG exchange hands on a given day and today's volume is recorded at 301532.

Shares of QuinStreet, Inc (QNST) traded higher by 0.71% or $0.08/share to $11.37. In the past year, the shares have traded as low as $10.03 and as high as $24.91. On average, 386300 shares of QNST exchange hands on a given day and today's volume is recorded at 188481.

Shares of Checkpoint Systems Inc (CKP) traded higher by 0.35% or $0.05/share to $14.15. In the past year, the shares have traded as low as $12.36 and as high as $23.00. On average, 253920 shares of CKP exchange hands on a given day and today's volume is recorded at 76742.

Shares of OpenTable, Inc (OPEN) traded higher by 6.34% or $2.93/share to $49.13. In the past year, the shares have traded as low as $39.71 and as high as $118.67. On average, 1540270 shares of OPEN exchange hands on a given day and today's volume is recorded at 1036210.