Downward wedge patterns have been noticed on December 15 for the stocks ResMed Inc, Lululemon Athletica Inc, Skechers USA Inc, 21Vianet 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 ResMed Inc (RMD) traded higher by 3.45% or $0.81/share to $24.27. In the past year, the shares have traded as low as $23.37 and as high as $35.90. On average, 1149890 shares of RMD exchange hands on a given day and today's volume is recorded at 1269667.
Shares of Lululemon Athletica Inc (LULU) traded higher by 3.35% or $1.46/share to $45.07. In the past year, the shares have traded as low as $32.65 and as high as $64.49. On average, 3827460 shares of LULU exchange hands on a given day and today's volume is recorded at 2776366.
Shares of Skechers USA Inc (SKX) traded higher by 1.43% or $0.17/share to $12.06. In the past year, the shares have traded as low as $11.75 and as high as $23.66. On average, 1093660 shares of SKX exchange hands on a given day and today's volume is recorded at 463359.
Shares of 21Vianet Group, Inc (VNET) traded higher by 0.69% or $0.06/share to $8.8. In the past year, the shares have traded as low as $8.31 and as high as $22.33. On average, 299250 shares of VNET exchange hands on a given day and today's volume is recorded at 26543.
Shares of DreamWorks Animation SKG Inc (DWA) traded higher by 0.92% or $0.16/share to $17.51. In the past year, the shares have traded as low as $16.34 and as high as $30.73. On average, 954470 shares of DWA exchange hands on a given day and today's volume is recorded at 390628.
