Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, October 25, 2011

Technical Downward Wedge: (COT), (HBM), (ASCMA), (WTFC), (CEVA)

Downward wedge patterns have been noticed on October 25 for the stocks Cott Corporation, HudBay Minerals, Inc, Ascent Media Corporation, Wintrust Financial Corporation, and CEVA 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 Cott Corporation (COT) fell by 1.25% or $-0.09/share to $7.13. In the past year, the shares have traded as low as $6.32 and as high as $9.08. On average, 443530 shares of COT exchange hands on a given day and today's volume is recorded at 80111.

Shares of HudBay Minerals, Inc (HBM) fell by 2.13% or $-0.24/share to $11.02. In the past year, the shares have traded as low as $8.62 and as high as $18.69. On average, 39860 shares of HBM exchange hands on a given day and today's volume is recorded at 33500.

Shares of Ascent Media Corporation (ASCMA) fell by 0.96% or $-0.41/share to $42.32. In the past year, the shares have traded as low as $26.78 and as high as $58.37. On average, 54150 shares of ASCMA exchange hands on a given day and today's volume is recorded at 14924.

Shares of Wintrust Financial Corporation (WTFC) fell by 1.25% or $-0.37/share to $29.28. In the past year, the shares have traded as low as $24.30 and as high as $37.23. On average, 396390 shares of WTFC exchange hands on a given day and today's volume is recorded at 86436.

Shares of CEVA Inc (CEVA) fell by 3.07% or $-0.87/share to $27.47. In the past year, the shares have traded as low as $15.80 and as high as $35.60. On average, 253240 shares of CEVA exchange hands on a given day and today's volume is recorded at 59751.