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Wednesday, November 30, 2011

Bullish Downward Wedge Detected: (POWL), (OMAB), (PAAS), (SLH), (BAK)

Downward wedge patterns have been noticed on November 30 for the stocks Powell Industries, Inc, Grupo Aeroportuario Centro Norte, S.A. de C.V, Pan American Silver Corp, Solera Holdings Inc, and Braskem S.A. 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 Powell Industries, Inc (POWL) traded higher by 6.34% or $1.81/share to $30.34. In the past year, the shares have traded as low as $25.76 and as high as $41.64. On average, 44570 shares of POWL exchange hands on a given day and today's volume is recorded at 51968.

Shares of Grupo Aeroportuario Centro Norte, S.A. de C.V (OMAB) fell by 0.72% or $-0.10/share to $13.87. In the past year, the shares have traded as low as $11.90 and as high as $18.74. On average, 25300 shares of OMAB exchange hands on a given day and today's volume is recorded at 22273.

Shares of Pan American Silver Corp (PAAS) traded higher by 7.26% or $1.75/share to $25.87. In the past year, the shares have traded as low as $23.08 and as high as $42.95. On average, 1172040 shares of PAAS exchange hands on a given day and today's volume is recorded at 970086.

Shares of Solera Holdings Inc (SLH) traded higher by 2.47% or $1.14/share to $47.29. In the past year, the shares have traded as low as $45.63 and as high as $62.11. On average, 399730 shares of SLH exchange hands on a given day and today's volume is recorded at 503964.

Shares of Braskem S.A (BAK) traded higher by 8.13% or $1.20/share to $15.96. In the past year, the shares have traded as low as $13.89 and as high as $32.30. On average, 552640 shares of BAK exchange hands on a given day and today's volume is recorded at 357889.