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Friday, October 14, 2011

Stocks with Downward Wedge Patterns: (HBM), (BPZ), (SNCR), (CHE), (PC)

Downward wedge patterns have been noticed on October 14 for the stocks HudBay Minerals, Inc, BPZ Resources, Inc, Synchronoss Technologies, Inc, Chemed Corp, and Panasonic Corporation. 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) traded higher by 2.95% or $0.30/share to $10.47. In the past year, the shares have traded as low as $8.62 and as high as $18.69. On average, 38920 shares of HBM exchange hands on a given day and today's volume is recorded at 39021.

Shares of BPZ Resources, Inc (BPZ) traded higher by 1.79% or $0.05/share to $2.85. In the past year, the shares have traded as low as $2.07 and as high as $6.83. On average, 1963780 shares of BPZ exchange hands on a given day and today's volume is recorded at 1588953.

Shares of Synchronoss Technologies, Inc (SNCR) traded higher by 5.76% or $1.52/share to $27.95. In the past year, the shares have traded as low as $19.42 and as high as $35.90. On average, 402480 shares of SNCR exchange hands on a given day and today's volume is recorded at 287097.

Shares of Chemed Corp (CHE) traded higher by 0.68% or $0.36/share to $53.55. In the past year, the shares have traded as low as $50.41 and as high as $71.90. On average, 212770 shares of CHE exchange hands on a given day and today's volume is recorded at 186351.

Shares of Panasonic Corporation (PC) fell by 0.41% or $-0.04/share to $9.79. In the past year, the shares have traded as low as $9.07 and as high as $15.00. On average, 321420 shares of PC exchange hands on a given day and today's volume is recorded at 192831.