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Tuesday, November 29, 2011

Downward Wedge Patterns Shown in Stocks: (WRC), (UNG), (SLH), (OMAB), (BSX)

Downward wedge patterns have been noticed on November 29 for the stocks Warnaco Group Inc, United States Natural Gas, Solera Holdings Inc, Grupo Aeroportuario Centro Norte, S.A. de C.V, and Boston Scientific Corporation. 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 Warnaco Group Inc (WRC) traded higher by 0.29% or $0.14/share to $48.08. In the past year, the shares have traded as low as $40.08 and as high as $65.01. On average, 970070 shares of WRC exchange hands on a given day and today's volume is recorded at 340757.

Shares of United States Natural Gas (UNG) traded higher by 2.43% or $0.19/share to $8.01. In the past year, the shares have traded as low as $7.63 and as high as $12.96. On average, 9365660 shares of UNG exchange hands on a given day and today's volume is recorded at 6483838.

Shares of Solera Holdings Inc (SLH) traded higher by 0.02% or $0.01/share to $46.25. In the past year, the shares have traded as low as $45.63 and as high as $62.11. On average, 399640 shares of SLH exchange hands on a given day and today's volume is recorded at 263903.

Shares of Grupo Aeroportuario Centro Norte, S.A. de C.V (OMAB) fell by 2.63% or $-0.37/share to $13.68. In the past year, the shares have traded as low as $11.90 and as high as $18.74. On average, 25230 shares of OMAB exchange hands on a given day and today's volume is recorded at 2700.

Shares of Boston Scientific Corporation (BSX) traded higher by 1.47% or $0.08/share to $5.51. In the past year, the shares have traded as low as $5.26 and as high as $7.96. On average, 20032960 shares of BSX exchange hands on a given day and today's volume is recorded at 9497506.