Downward wedge patterns have been noticed on December 28 for the stocks Newcastle Investment Corp, Cash America International, Inc, Portugal Telecom SGPS SA, Skechers USA Inc, and McDermott International 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 Newcastle Investment Corp (NCT) fell by 4.12% or $-0.20/share to $4.65. In the past year, the shares have traded as low as $3.56 and as high as $8.39. On average, 1154610 shares of NCT exchange hands on a given day and today's volume is recorded at 603652.
Shares of Cash America International, Inc (CSH) fell by 1.25% or $-0.60/share to $47.57. In the past year, the shares have traded as low as $36.54 and as high as $62.29. On average, 351310 shares of CSH exchange hands on a given day and today's volume is recorded at 196209.
Shares of Portugal Telecom SGPS SA (PT) fell by 0.68% or $-0.04/share to $5.88. In the past year, the shares have traded as low as $5.77 and as high as $11.16. On average, 273370 shares of PT exchange hands on a given day and today's volume is recorded at 501574.
Shares of Skechers USA Inc (SKX) fell by 3.21% or $-0.41/share to $12.36. In the past year, the shares have traded as low as $11.75 and as high as $23.66. On average, 1008100 shares of SKX exchange hands on a given day and today's volume is recorded at 251956.
Shares of McDermott International Inc (MDR) fell by 2.09% or $-0.24/share to $11.23. In the past year, the shares have traded as low as $9.34 and as high as $26.14. On average, 5106030 shares of MDR exchange hands on a given day and today's volume is recorded at 1921362.
