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Tuesday, October 11, 2011

Downward Wedge Patterns Shown in Stocks: (HBM), (GFIG), (ZIP), (CHFC), (SKUL)

Downward wedge patterns have been noticed on October 11 for the stocks HudBay Minerals, Inc, GFI Group Inc, Zipcar, Inc, Chemical Financial Corp, and Skullcandy, 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 HudBay Minerals, Inc (HBM) fell by 3.85% or $-0.41/share to $10.24. In the past year, the shares have traded as low as $8.62 and as high as $18.69. On average, 39300 shares of HBM exchange hands on a given day and today's volume is recorded at 24553.

Shares of GFI Group Inc (GFIG) fell by 1.15% or $-0.05/share to $4.28. In the past year, the shares have traded as low as $3.63 and as high as $5.57. On average, 452320 shares of GFIG exchange hands on a given day and today's volume is recorded at 128760.

Shares of Zipcar, Inc (ZIP) fell by 1.70% or $-0.29/share to $16.79. In the past year, the shares have traded as low as $16.50 and as high as $31.50. On average, 340960 shares of ZIP exchange hands on a given day and today's volume is recorded at 394974.

Shares of Chemical Financial Corp (CHFC) fell by 0.34% or $-0.06/share to $17.44. In the past year, the shares have traded as low as $14.56 and as high as $22.32. On average, 77130 shares of CHFC exchange hands on a given day and today's volume is recorded at 53830.

Shares of Skullcandy, Inc (SKUL) traded higher by 2.56% or $0.37/share to $14.85. In the past year, the shares have traded as low as $11.81 and as high as $23.40. On average, 586490 shares of SKUL exchange hands on a given day and today's volume is recorded at 156402.