Downward wedge patterns have been noticed on October 2 for the stocks Synaptics Inc, GFI Group Inc, OM Group Inc, Penn West Petroleum Ltd, and Alliance Holdings GP, L.P. 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 Synaptics Inc (SYNA) traded higher by 1.01% or $0.24/share to $23.9. In the past year, the shares have traded as low as $21.97 and as high as $32.24. On average, 434140 shares of SYNA exchange hands on a given day and today's volume is recorded at 887391.
Shares of GFI Group Inc (GFIG) fell by 5.41% or $-0.23/share to $4.02. In the past year, the shares have traded as low as $3.63 and as high as $5.57. On average, 451670 shares of GFIG exchange hands on a given day and today's volume is recorded at 370529.
Shares of OM Group Inc (OMG) fell by 2.92% or $-0.78/share to $25.97. In the past year, the shares have traded as low as $25.50 and as high as $41.88. On average, 288650 shares of OMG exchange hands on a given day and today's volume is recorded at 248897.
Shares of Penn West Petroleum Ltd (PWE) fell by 2.57% or $-0.39/share to $14.77. In the past year, the shares have traded as low as $14.75 and as high as $27.89. On average, 2146980 shares of PWE exchange hands on a given day and today's volume is recorded at 2767841.
Shares of Alliance Holdings GP, L.P (AHGP) traded higher by 1.52% or $0.66/share to $43.99. In the past year, the shares have traded as low as $37.39 and as high as $56.62. On average, 75090 shares of AHGP exchange hands on a given day and today's volume is recorded at 77622.
