Downward wedge patterns have been noticed on October 7 for the stocks Portugal Telecom SGPS SA, Hibbett Sports, Inc, Amphenol Corporation, OpenTable, Inc, and Smithfield Foods 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 Portugal Telecom SGPS SA (PT) fell by 2.47% or $-0.18/share to $7.1. In the past year, the shares have traded as low as $6.76 and as high as $12.98. On average, 286730 shares of PT exchange hands on a given day and today's volume is recorded at 454930.
Shares of Hibbett Sports, Inc (HIBB) fell by 0.71% or $-0.26/share to $36.46. In the past year, the shares have traded as low as $24.63 and as high as $43.00. On average, 394250 shares of HIBB exchange hands on a given day and today's volume is recorded at 194704.
Shares of Amphenol Corporation (APH) fell by 0.23% or $-0.10/share to $42.47. In the past year, the shares have traded as low as $38.98 and as high as $59.06. On average, 1714130 shares of APH exchange hands on a given day and today's volume is recorded at 972513.
Shares of OpenTable, Inc (OPEN) fell by 4.44% or $-2.18/share to $46.95. In the past year, the shares have traded as low as $39.71 and as high as $118.65. On average, 1537580 shares of OPEN exchange hands on a given day and today's volume is recorded at 900327.
Shares of Smithfield Foods Inc (SFD) fell by 1.00% or $-0.21/share to $20.78. In the past year, the shares have traded as low as $14.82 and as high as $24.93. On average, 2615440 shares of SFD exchange hands on a given day and today's volume is recorded at 1604496.
