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Thursday, October 13, 2011

Stocks with Downward Wedge Patterns: (HELE), (AXS), (MIL), (HMY), (UMC)

Downward wedge patterns have been noticed on October 13 for the stocks Helen of Troy Limited, Axis Capital Holdings Ltd, MFC Industrial Ltd, Harmony Gold Mining Co. Ltd, and United Microelectronics 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 Helen of Troy Limited (HELE) fell by 1.72% or $-0.46/share to $26.0. In the past year, the shares have traded as low as $22.50 and as high as $36.74. On average, 209520 shares of HELE exchange hands on a given day and today's volume is recorded at 120511.

Shares of Axis Capital Holdings Ltd (AXS) fell by 1.25% or $-0.33/share to $26.06. In the past year, the shares have traded as low as $24.58 and as high as $36.93. On average, 1037839 shares of AXS exchange hands on a given day and today's volume is recorded at 353157.

Shares of MFC Industrial Ltd (MIL) traded higher by 1.01% or $0.07/share to $7.0. In the past year, the shares have traded as low as $6.50 and as high as $8.82. On average, 153810 shares of MIL exchange hands on a given day and today's volume is recorded at 38503.

Shares of Harmony Gold Mining Co. Ltd (HMY) fell by 3.58% or $-0.45/share to $12.13. In the past year, the shares have traded as low as $10.19 and as high as $15.63. On average, 3054440 shares of HMY exchange hands on a given day and today's volume is recorded at 1953949.

Shares of United Microelectronics Corporation (UMC) fell by 2.63% or $-0.06/share to $2.04. In the past year, the shares have traded as low as $1.77 and as high as $3.26. On average, 3358390 shares of UMC exchange hands on a given day and today's volume is recorded at 1008585.