Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, December 15, 2011

Bullish Downward Wedge Detected: (ANH), (BAK), (BSX), (CSH), (ESI)

Downward wedge patterns have been noticed on December 15 for the stocks Anworth Mortgage Asset Corporation, Braskem S.A, Boston Scientific Corporation, Cash America International, Inc, and ITT Educational Services 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 Anworth Mortgage Asset Corporation (ANH) fell by 0.15% or $-0.01/share to $6.51. In the past year, the shares have traded as low as $5.45 and as high as $7.30. On average, 1790180 shares of ANH exchange hands on a given day and today's volume is recorded at 877162.

Shares of Braskem S.A (BAK) traded higher by 1.33% or $0.19/share to $14.48. In the past year, the shares have traded as low as $13.89 and as high as $32.30. On average, 514750 shares of BAK exchange hands on a given day and today's volume is recorded at 259070.

Shares of Boston Scientific Corporation (BSX) fell by 0.78% or $-0.04/share to $5.09. In the past year, the shares have traded as low as $5.11 and as high as $7.96. On average, 21364700 shares of BSX exchange hands on a given day and today's volume is recorded at 17986242.

Shares of Cash America International, Inc (CSH) traded higher by 1.85% or $0.84/share to $46.16. In the past year, the shares have traded as low as $36.54 and as high as $62.29. On average, 410330 shares of CSH exchange hands on a given day and today's volume is recorded at 259215.

Shares of ITT Educational Services Inc (ESI) traded higher by 0.39% or $0.20/share to $51.39. In the past year, the shares have traded as low as $50.92 and as high as $95.52. On average, 554790 shares of ESI exchange hands on a given day and today's volume is recorded at 261137.