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Friday, November 4, 2011

Bullish Wedge Pattern Detected: (SREV), (OSG), (NAFC), (SOHU), (HMY)

Downward wedge patterns have been noticed on November 4 for the stocks ServiceSource Corporation, Overseas Shipholding Group Inc, Nash Finch Co, Sohu.com Inc, and Harmony Gold Mining Co. Ltd. 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 ServiceSource Corporation (SREV) fell by 0.32% or $-0.04/share to $12.47. In the past year, the shares have traded as low as $11.29 and as high as $23.60. On average, 767270 shares of SREV exchange hands on a given day and today's volume is recorded at 592936.

Shares of Overseas Shipholding Group Inc (OSG) fell by 1.64% or $-0.21/share to $12.56. In the past year, the shares have traded as low as $11.41 and as high as $35.81. On average, 833290 shares of OSG exchange hands on a given day and today's volume is recorded at 462729.

Shares of Nash Finch Co (NAFC) fell by 0.48% or $-0.13/share to $26.86. In the past year, the shares have traded as low as $24.70 and as high as $44.23. On average, 84450 shares of NAFC exchange hands on a given day and today's volume is recorded at 30984.

Shares of Sohu.com Inc (SOHU) fell by 1.44% or $-0.89/share to $60.76. In the past year, the shares have traded as low as $46.35 and as high as $109.38. On average, 1899510 shares of SOHU exchange hands on a given day and today's volume is recorded at 639711.

Shares of Harmony Gold Mining Co. Ltd (HMY) fell by 0.15% or $-0.02/share to $13.76. In the past year, the shares have traded as low as $10.19 and as high as $15.63. On average, 3017570 shares of HMY exchange hands on a given day and today's volume is recorded at 956516.