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Wednesday, November 30, 2011

Bullish Wedge Pattern Detected: (GEO), (ANH), (DWA), (SOHU), (FNFG)

Downward wedge patterns have been noticed on November 30 for the stocks The GEO Group, Inc, Anworth Mortgage Asset Corporation, DreamWorks Animation SKG Inc, Sohu.com Inc, and First Niagara Financial 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 The GEO Group, Inc (GEO) traded higher by 2.86% or $0.49/share to $17.64. In the past year, the shares have traded as low as $16.40 and as high as $26.95. On average, 668370 shares of GEO exchange hands on a given day and today's volume is recorded at 716743.

Shares of Anworth Mortgage Asset Corporation (ANH) traded higher by 1.77% or $0.11/share to $6.32. In the past year, the shares have traded as low as $5.45 and as high as $7.30. On average, 1868460 shares of ANH exchange hands on a given day and today's volume is recorded at 1288640.

Shares of DreamWorks Animation SKG Inc (DWA) traded higher by 4.44% or $0.79/share to $18.59. In the past year, the shares have traded as low as $16.34 and as high as $31.65. On average, 969670 shares of DWA exchange hands on a given day and today's volume is recorded at 1093585.

Shares of Sohu.com Inc (SOHU) traded higher by 3.02% or $1.45/share to $49.5. In the past year, the shares have traded as low as $46.35 and as high as $109.37. On average, 1753210 shares of SOHU exchange hands on a given day and today's volume is recorded at 1507418.

Shares of First Niagara Financial Group Inc (FNFG) traded higher by 4.28% or $0.36/share to $8.78. In the past year, the shares have traded as low as $8.15 and as high as $14.47. On average, 5103760 shares of FNFG exchange hands on a given day and today's volume is recorded at 4119903.