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Thursday, October 13, 2011

Technical Downward Wedge: (NTRI), (WRC), (HBM), (UBSI), (CPTS)

Downward wedge patterns have been noticed on October 13 for the stocks NutriSystem Inc, Warnaco Group Inc, HudBay Minerals, Inc, United Bankshares Inc, and Conceptus, 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 NutriSystem Inc (NTRI) fell by 2.92% or $-0.39/share to $12.97. In the past year, the shares have traded as low as $10.46 and as high as $21.81. On average, 415230 shares of NTRI exchange hands on a given day and today's volume is recorded at 139793.

Shares of Warnaco Group Inc (WRC) fell by 1.45% or $-0.68/share to $46.47. In the past year, the shares have traded as low as $40.08 and as high as $65.02. On average, 1248540 shares of WRC exchange hands on a given day and today's volume is recorded at 445309.

Shares of HudBay Minerals, Inc (HBM) fell by 4.43% or $-0.47/share to $10.14. In the past year, the shares have traded as low as $8.62 and as high as $18.69. On average, 38920 shares of HBM exchange hands on a given day and today's volume is recorded at 29473.

Shares of United Bankshares Inc (UBSI) fell by 3.83% or $-0.87/share to $21.82. In the past year, the shares have traded as low as $18.78 and as high as $29.68. On average, 310330 shares of UBSI exchange hands on a given day and today's volume is recorded at 93259.

Shares of Conceptus, Inc (CPTS) traded higher by 0.86% or $0.09/share to $10.57. In the past year, the shares have traded as low as $9.68 and as high as $15.78. On average, 251520 shares of CPTS exchange hands on a given day and today's volume is recorded at 42688.