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Wednesday, October 19, 2011

Stocks with Downward Wedge Patterns: (TV), (CFFN), (HBM), (GEF), (CHE)

Downward wedge patterns have been noticed on October 19 for the stocks Grupo Televisa SA, Capitol Federal Financial, Inc, HudBay Minerals, Inc, Greif, Inc, and Chemed 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 Grupo Televisa SA (TV) fell by 2.68% or $-0.54/share to $19.6. In the past year, the shares have traded as low as $17.03 and as high as $26.50. On average, 1827860 shares of TV exchange hands on a given day and today's volume is recorded at 1377728.

Shares of Capitol Federal Financial, Inc (CFFN) traded higher by 0.41% or $0.04/share to $10.91. In the past year, the shares have traded as low as $9.96 and as high as $12.53. On average, 1306640 shares of CFFN exchange hands on a given day and today's volume is recorded at 607813.

Shares of HudBay Minerals, Inc (HBM) fell by 2.99% or $-0.32/share to $10.38. In the past year, the shares have traded as low as $8.62 and as high as $18.69. On average, 39260 shares of HBM exchange hands on a given day and today's volume is recorded at 58790.

Shares of Greif, Inc (GEF) fell by 1.50% or $-0.69/share to $45.31. In the past year, the shares have traded as low as $40.77 and as high as $66.75. On average, 225380 shares of GEF exchange hands on a given day and today's volume is recorded at 77561.

Shares of Chemed Corp (CHE) fell by 2.68% or $-1.43/share to $51.87. In the past year, the shares have traded as low as $50.41 and as high as $71.90. On average, 220320 shares of CHE exchange hands on a given day and today's volume is recorded at 200391.