Downward wedge patterns have been noticed on October 28 for the stocks Rio Tinto plc, Newfield Exploration Co, Veeco Instruments Inc, Ancestry.com Inc, and SCBT Financial Corp. 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 Rio Tinto plc (RIO) traded higher by 0.03% or $0.02/share to $58.1. In the past year, the shares have traded as low as $40.50 and as high as $75.29. On average, 4576890 shares of RIO exchange hands on a given day and today's volume is recorded at 2733154.
Shares of Newfield Exploration Co (NFX) traded higher by 2.48% or $1.01/share to $41.73. In the past year, the shares have traded as low as $34.42 and as high as $77.93. On average, 2948610 shares of NFX exchange hands on a given day and today's volume is recorded at 2042517.
Shares of Veeco Instruments Inc (VECO) fell by 0.67% or $-0.19/share to $28.23. In the past year, the shares have traded as low as $23.06 and as high as $57.67. On average, 1875620 shares of VECO exchange hands on a given day and today's volume is recorded at 650769.
Shares of Ancestry.com Inc (ACOM) traded higher by 3.62% or $0.79/share to $22.63. In the past year, the shares have traded as low as $20.67 and as high as $45.79. On average, 1294750 shares of ACOM exchange hands on a given day and today's volume is recorded at 1360812.
Shares of SCBT Financial Corp (SCBT) fell by 3.29% or $-1.01/share to $29.7. In the past year, the shares have traded as low as $24.02 and as high as $35.75. On average, 43710 shares of SCBT exchange hands on a given day and today's volume is recorded at 22221.
