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Monday, November 14, 2011

Bullish Downward Wedge Detected: (OSG), (OMAB), (ESGR), (NAFC), (GEO)

Downward wedge patterns have been noticed on November 14 for the stocks Overseas Shipholding Group Inc, Grupo Aeroportuario Centro Norte, S.A. de C.V, Enstar Group Limited, Nash Finch Co, and The GEO Group, 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 Overseas Shipholding Group Inc (OSG) fell by 0.91% or $-0.13/share to $14.13. In the past year, the shares have traded as low as $11.41 and as high as $35.82. On average, 799240 shares of OSG exchange hands on a given day and today's volume is recorded at 508614.

Shares of Grupo Aeroportuario Centro Norte, S.A. de C.V (OMAB) fell by 6.31% or $-0.85/share to $12.62. In the past year, the shares have traded as low as $11.90 and as high as $18.74. On average, 18480 shares of OMAB exchange hands on a given day and today's volume is recorded at 7675.

Shares of Enstar Group Limited (ESGR) fell by 1.60% or $-1.55/share to $95.6. In the past year, the shares have traded as low as $80.20 and as high as $114.56. On average, 22100 shares of ESGR exchange hands on a given day and today's volume is recorded at 12833.

Shares of Nash Finch Co (NAFC) fell by 2.55% or $-0.76/share to $29.04. In the past year, the shares have traded as low as $24.70 and as high as $44.23. On average, 79140 shares of NAFC exchange hands on a given day and today's volume is recorded at 26831.

Shares of The GEO Group, Inc (GEO) fell by 1.41% or $-0.25/share to $17.17. In the past year, the shares have traded as low as $16.89 and as high as $26.94. On average, 686030 shares of GEO exchange hands on a given day and today's volume is recorded at 247855.