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Monday, November 14, 2011

Downward Wedge Patterns Shown in Stocks: (SLH), (AMAP), (FNBND), (WRC), (DWA)

Downward wedge patterns have been noticed on November 14 for the stocks Solera Holdings Inc, AutoNavi Holdings Limited, FNB United Corp, Warnaco Group Inc, and DreamWorks Animation SKG 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 Solera Holdings Inc (SLH) fell by 1.03% or $-0.51/share to $48.98. In the past year, the shares have traded as low as $47.33 and as high as $62.24. On average, 415700 shares of SLH exchange hands on a given day and today's volume is recorded at 301638.

Shares of AutoNavi Holdings Limited (AMAP) traded higher by 2.57% or $0.31/share to $12.38. In the past year, the shares have traded as low as $11.55 and as high as $21.60. On average, 104120 shares of AMAP exchange hands on a given day and today's volume is recorded at 19746.

Shares of FNB United Corp (FNBND) fell by 6.33% or $-0.95/share to $14.05. In the past year, the shares have traded as low as $14.75 and as high as $82.99. On average, 1070 shares of FNBND exchange hands on a given day and today's volume is recorded at 3592.

Shares of Warnaco Group Inc (WRC) fell by 1.31% or $-0.64/share to $48.26. In the past year, the shares have traded as low as $40.08 and as high as $65.01. On average, 1050610 shares of WRC exchange hands on a given day and today's volume is recorded at 342209.

Shares of DreamWorks Animation SKG Inc (DWA) fell by 3.04% or $-0.57/share to $18.15. In the past year, the shares have traded as low as $16.50 and as high as $33.15. On average, 1051470 shares of DWA exchange hands on a given day and today's volume is recorded at 487446.