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Sunday, November 13, 2011

Technical Downward Wedge: (FAF), (ESGR), (AMAP), (WRC), (SREV)

Downward wedge patterns have been noticed on November 13 for the stocks First American Financial Corporation, Enstar Group Limited, AutoNavi Holdings Limited, Warnaco Group Inc, and ServiceSource 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 First American Financial Corporation (FAF) traded higher by 3.02% or $0.35/share to $11.94. In the past year, the shares have traded as low as $11.19 and as high as $17.17. On average, 895070 shares of FAF exchange hands on a given day and today's volume is recorded at 742480.

Shares of Enstar Group Limited (ESGR) traded higher by 2.26% or $2.15/share to $97.15. In the past year, the shares have traded as low as $80.20 and as high as $114.56. On average, 22540 shares of ESGR exchange hands on a given day and today's volume is recorded at 15584.

Shares of AutoNavi Holdings Limited (AMAP) traded higher by 0.33% or $0.04/share to $12.07. In the past year, the shares have traded as low as $11.55 and as high as $21.60. On average, 104230 shares of AMAP exchange hands on a given day and today's volume is recorded at 80341.

Shares of Warnaco Group Inc (WRC) traded higher by 1.31% or $0.63/share to $48.9. In the past year, the shares have traded as low as $40.08 and as high as $65.01. On average, 1056170 shares of WRC exchange hands on a given day and today's volume is recorded at 913881.

Shares of ServiceSource Corporation (SREV) traded higher by 13.44% or $1.73/share to $14.6. In the past year, the shares have traded as low as $11.29 and as high as $23.60. On average, 717370 shares of SREV exchange hands on a given day and today's volume is recorded at 3163386.