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Monday, October 3, 2011

Stocks with Downward Wedge Patterns: (GSG), (GET), (MHK), (IBOC), (SWKS)

Downward wedge patterns have been noticed on October 3 for the stocks iShares S&P GSCI Commodity-Indexed Trust, Gaylord Entertainment Co, Mohawk Industries Inc, International Bancshares Corp, and Skyworks Solutions 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 iShares S&P GSCI Commodity-Indexed Trust (GSG) fell by 0.20% or $-0.06/share to $30.13. In the past year, the shares have traded as low as $30.13 and as high as $39.37. On average, 363440 shares of GSG exchange hands on a given day and today's volume is recorded at 366261.

Shares of Gaylord Entertainment Co (GET) fell by 1.96% or $-0.38/share to $18.96. In the past year, the shares have traded as low as $18.02 and as high as $38.22. On average, 958580 shares of GET exchange hands on a given day and today's volume is recorded at 267906.

Shares of Mohawk Industries Inc (MHK) fell by 0.93% or $-0.40/share to $42.51. In the past year, the shares have traded as low as $39.93 and as high as $68.86. On average, 826930 shares of MHK exchange hands on a given day and today's volume is recorded at 159928.

Shares of International Bancshares Corp (IBOC) traded higher by 0.53% or $0.07/share to $13.22. In the past year, the shares have traded as low as $12.44 and as high as $20.69. On average, 234580 shares of IBOC exchange hands on a given day and today's volume is recorded at 49500.

Shares of Skyworks Solutions Inc (SWKS) traded higher by 1.61% or $0.29/share to $18.25. In the past year, the shares have traded as low as $17.94 and as high as $37.82. On average, 4457340 shares of SWKS exchange hands on a given day and today's volume is recorded at 1351957.