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

Tuesday, November 29, 2011

Bullish Wedge Pattern Detected: (FAF), (HTS), (SOHU), (ANH), (VNET)

Downward wedge patterns have been noticed on November 29 for the stocks First American Financial Corporation, Hatteras Financial Corp, Sohu.com Inc, Anworth Mortgage Asset Corporation, and 21Vianet 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 First American Financial Corporation (FAF) fell by 1.95% or $-0.21/share to $10.57. In the past year, the shares have traded as low as $10.51 and as high as $17.17. On average, 882670 shares of FAF exchange hands on a given day and today's volume is recorded at 165670.

Shares of Hatteras Financial Corp (HTS) fell by 0.12% or $-0.03/share to $26.0. In the past year, the shares have traded as low as $22.33 and as high as $28.19. On average, 1006850 shares of HTS exchange hands on a given day and today's volume is recorded at 305797.

Shares of Sohu.com Inc (SOHU) traded higher by 1.38% or $0.66/share to $48.43. In the past year, the shares have traded as low as $46.35 and as high as $109.37. On average, 1748930 shares of SOHU exchange hands on a given day and today's volume is recorded at 1244540.

Shares of Anworth Mortgage Asset Corporation (ANH) traded higher by 0.49% or $0.03/share to $6.19. In the past year, the shares have traded as low as $5.45 and as high as $7.30. On average, 1874920 shares of ANH exchange hands on a given day and today's volume is recorded at 668661.

Shares of 21Vianet Group, Inc (VNET) fell by 5.70% or $-0.57/share to $9.43. In the past year, the shares have traded as low as $8.31 and as high as $22.33. On average, 303840 shares of VNET exchange hands on a given day and today's volume is recorded at 207703.