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Sunday, October 30, 2011

Technical Downward Wedge: (BCPC), (WTFC), (SREV), (ALSK), (CTRP)

Downward wedge patterns have been noticed on October 30 for the stocks Balchem Corp, Wintrust Financial Corporation, ServiceSource International, In, Alaska Communications Systems Group Inc, and Ctrip.com International Ltd. 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 Balchem Corp (BCPC) traded higher by 0.27% or $0.10/share to $37.11. In the past year, the shares have traded as low as $28.55 and as high as $47.23. On average, 174670 shares of BCPC exchange hands on a given day and today's volume is recorded at 159590.

Shares of Wintrust Financial Corporation (WTFC) fell by 0.50% or $-0.15/share to $29.74. In the past year, the shares have traded as low as $24.30 and as high as $37.23. On average, 416940 shares of WTFC exchange hands on a given day and today's volume is recorded at 336962.

Shares of ServiceSource International, In (SREV) traded higher by 1.28% or $0.17/share to $13.5. In the past year, the shares have traded as low as $11.29 and as high as $23.60. On average, 836080 shares of SREV exchange hands on a given day and today's volume is recorded at 601551.

Shares of Alaska Communications Systems Group Inc (ALSK) traded higher by 6.22% or $0.41/share to $7.0. In the past year, the shares have traded as low as $5.59 and as high as $10.61. On average, 797050 shares of ALSK exchange hands on a given day and today's volume is recorded at 1174976.

Shares of Ctrip.com International Ltd (CTRP) fell by 1.19% or $-0.44/share to $36.42. In the past year, the shares have traded as low as $29.59 and as high as $53.16. On average, 2493110 shares of CTRP exchange hands on a given day and today's volume is recorded at 1608780.