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Sunday, November 13, 2011

Bullish Downward Wedge Detected: (GEO), (OSG), (OMAB), (HTS), (MKTG)

Downward wedge patterns have been noticed on November 13 for the stocks The GEO Group, Inc, Overseas Shipholding Group Inc, Grupo Aeroportuario Centro Norte, S.A. de C.V, Hatteras Financial Corp, and Responsys, 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 The GEO Group, Inc (GEO) fell by 0.51% or $-0.09/share to $17.42. In the past year, the shares have traded as low as $16.90 and as high as $26.95. On average, 690900 shares of GEO exchange hands on a given day and today's volume is recorded at 519754.

Shares of Overseas Shipholding Group Inc (OSG) fell by 0.63% or $-0.09/share to $14.26. In the past year, the shares have traded as low as $11.41 and as high as $35.82. On average, 800190 shares of OSG exchange hands on a given day and today's volume is recorded at 1198939.

Shares of Grupo Aeroportuario Centro Norte, S.A. de C.V (OMAB) traded higher by 4.92% or $0.63/share to $13.47. In the past year, the shares have traded as low as $11.90 and as high as $18.74. On average, 20110 shares of OMAB exchange hands on a given day and today's volume is recorded at 4908.

Shares of Hatteras Financial Corp (HTS) traded higher by 1.32% or $0.34/share to $26.1. In the past year, the shares have traded as low as $22.33 and as high as $28.19. On average, 1155860 shares of HTS exchange hands on a given day and today's volume is recorded at 414212.

Shares of Responsys, Inc (MKTG) traded higher by 0.81% or $0.06/share to $7.51. In the past year, the shares have traded as low as $7.30 and as high as $18.19. On average, 136790 shares of MKTG exchange hands on a given day and today's volume is recorded at 1110873.