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Friday, November 4, 2011

Downward Wedge Patterns Shown in Stocks: (ACOM)

Downward wedge patterns have been noticed on November 4 for the stocks Ancestry.com 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 Ancestry.com Inc (ACOM) fell by 0.45% or $-0.11/share to $24.29. In the past year, the shares have traded as low as $20.67 and as high as $45.79. On average, 1209590 shares of ACOM exchange hands on a given day and today's volume is recorded at 395121.