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Monday, October 3, 2011

Downward Wedge Patterns Shown in Stocks: (CKP), (WHR), (OMG), (HL), (BPZ)

Downward wedge patterns have been noticed on October 3 for the stocks Checkpoint Systems Inc, Whirlpool Corp, OM Group Inc, Hecla Mining Co, and BPZ Resources, 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 Checkpoint Systems Inc (CKP) fell by 0.74% or $-0.10/share to $13.48. In the past year, the shares have traded as low as $12.41 and as high as $23.00. On average, 252840 shares of CKP exchange hands on a given day and today's volume is recorded at 32841.

Shares of Whirlpool Corp (WHR) fell by 0.16% or $-0.08/share to $49.83. In the past year, the shares have traded as low as $47.35 and as high as $90.65. On average, 2031520 shares of WHR exchange hands on a given day and today's volume is recorded at 773581.

Shares of OM Group Inc (OMG) fell by 0.12% or $-0.03/share to $25.94. In the past year, the shares have traded as low as $25.50 and as high as $41.88. On average, 288570 shares of OMG exchange hands on a given day and today's volume is recorded at 27165.

Shares of Hecla Mining Co (HL) traded higher by 1.03% or $0.06/share to $5.41. In the past year, the shares have traded as low as $5.31 and as high as $11.55. On average, 8883280 shares of HL exchange hands on a given day and today's volume is recorded at 3326615.

Shares of BPZ Resources, Inc (BPZ) traded higher by 2.17% or $0.06/share to $2.83. In the past year, the shares have traded as low as $2.07 and as high as $6.83. On average, 2038660 shares of BPZ exchange hands on a given day and today's volume is recorded at 468992.