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Monday, November 21, 2011

Technical Downward Wedge: (DWA), (EZPW), (SLH), (VNET), (OMAB)

Downward wedge patterns have been noticed on November 21 for the stocks DreamWorks Animation SKG Inc, EZCORP, Inc, Solera Holdings Inc, 21Vianet Group, Inc, and Grupo Aeroportuario Centro Norte, S.A. de C.V. 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 DreamWorks Animation SKG Inc (DWA) fell by 2.04% or $-0.35/share to $16.79. In the past year, the shares have traded as low as $16.50 and as high as $31.99. On average, 1012820 shares of DWA exchange hands on a given day and today's volume is recorded at 829324.

Shares of EZCORP, Inc (EZPW) fell by 2.04% or $-0.56/share to $26.88. In the past year, the shares have traded as low as $24.17 and as high as $38.66. On average, 544610 shares of EZPW exchange hands on a given day and today's volume is recorded at 334791.

Shares of Solera Holdings Inc (SLH) fell by 1.89% or $-0.91/share to $47.2. In the past year, the shares have traded as low as $47.23 and as high as $62.11. On average, 427800 shares of SLH exchange hands on a given day and today's volume is recorded at 394838.

Shares of 21Vianet Group, Inc (VNET) fell by 3.68% or $-0.37/share to $9.69. In the past year, the shares have traded as low as $8.31 and as high as $22.33. On average, 282930 shares of VNET exchange hands on a given day and today's volume is recorded at 317850.

Shares of Grupo Aeroportuario Centro Norte, S.A. de C.V (OMAB) fell by 0.77% or $-0.10/share to $12.84. In the past year, the shares have traded as low as $11.90 and as high as $18.74. On average, 26510 shares of OMAB exchange hands on a given day and today's volume is recorded at 600.