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Friday, October 14, 2011

Technical Downward Wedge: (AMAT), (WRC), (NTRI), (BH), (CFFN)

Downward wedge patterns have been noticed on October 14 for the stocks Applied Materials Inc, Warnaco Group Inc, NutriSystem Inc, Biglari Holdings Inc, and Capitol Federal Financial, 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 Applied Materials Inc (AMAT) fell by 0.22% or $-0.03/share to $11.56. In the past year, the shares have traded as low as $9.70 and as high as $16.72. On average, 18711090 shares of AMAT exchange hands on a given day and today's volume is recorded at 10246500.

Shares of Warnaco Group Inc (WRC) traded higher by 4.09% or $1.90/share to $48.35. In the past year, the shares have traded as low as $40.08 and as high as $65.01. On average, 1233520 shares of WRC exchange hands on a given day and today's volume is recorded at 501404.

Shares of NutriSystem Inc (NTRI) traded higher by 0.07% or $0.01/share to $12.8. In the past year, the shares have traded as low as $10.46 and as high as $21.81. On average, 415660 shares of NTRI exchange hands on a given day and today's volume is recorded at 115385.

Shares of Biglari Holdings Inc (BH) traded higher by 1.61% or $5.17/share to $326.4. In the past year, the shares have traded as low as $279.86 and as high as $464.76. On average, 9270 shares of BH exchange hands on a given day and today's volume is recorded at 4513.

Shares of Capitol Federal Financial, Inc (CFFN) traded higher by 0.94% or $0.10/share to $10.79. In the past year, the shares have traded as low as $9.91 and as high as $12.54. On average, 1319440 shares of CFFN exchange hands on a given day and today's volume is recorded at 708126.