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Wednesday, October 12, 2011

Downward Wedge Patterns Shown in Stocks: (BPZ), (OPEN), (CBRL), (AHGP), (ZIP)

Downward wedge patterns have been noticed on October 12 for the stocks BPZ Resources, Inc, OpenTable, Inc, Cracker Barrel Old Country Store, Inc, Alliance Holdings GP, L.P, and Zipcar, 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 BPZ Resources, Inc (BPZ) fell by 2.38% or $-0.07/share to $2.87. In the past year, the shares have traded as low as $2.07 and as high as $6.83. On average, 1964590 shares of BPZ exchange hands on a given day and today's volume is recorded at 1389053.

Shares of OpenTable, Inc (OPEN) traded higher by 3.51% or $1.70/share to $50.09. In the past year, the shares have traded as low as $39.71 and as high as $118.67. On average, 1520590 shares of OPEN exchange hands on a given day and today's volume is recorded at 1171675.

Shares of Cracker Barrel Old Country Store, Inc (CBRL) traded higher by 0.67% or $0.28/share to $42.2. In the past year, the shares have traded as low as $37.31 and as high as $57.03. On average, 314660 shares of CBRL exchange hands on a given day and today's volume is recorded at 185082.

Shares of Alliance Holdings GP, L.P (AHGP) traded higher by 0.72% or $0.33/share to $46.08. In the past year, the shares have traded as low as $37.39 and as high as $56.62. On average, 76220 shares of AHGP exchange hands on a given day and today's volume is recorded at 27023.

Shares of Zipcar, Inc (ZIP) traded higher by 2.48% or $0.42/share to $17.38. In the past year, the shares have traded as low as $16.50 and as high as $31.50. On average, 340430 shares of ZIP exchange hands on a given day and today's volume is recorded at 383959.