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Friday, December 2, 2011

Bullish Wedge Pattern Detected: (FNFG), (FAF), (HTS), (NRG), (UXG)

Downward wedge patterns have been noticed on December 2 for the stocks First Niagara Financial Group Inc, First American Financial Corporation, Hatteras Financial Corp, NRG Energy, Inc, and US Gold 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 Niagara Financial Group Inc (FNFG) traded higher by 2.54% or $0.22/share to $8.89. In the past year, the shares have traded as low as $8.15 and as high as $14.46. On average, 5158440 shares of FNFG exchange hands on a given day and today's volume is recorded at 6767763.

Shares of First American Financial Corporation (FAF) traded higher by 0.71% or $0.08/share to $11.28. In the past year, the shares have traded as low as $10.51 and as high as $17.17. On average, 887960 shares of FAF exchange hands on a given day and today's volume is recorded at 269175.

Shares of Hatteras Financial Corp (HTS) fell by 0.04% or $-0.01/share to $26.61. In the past year, the shares have traded as low as $22.33 and as high as $28.19. On average, 979710 shares of HTS exchange hands on a given day and today's volume is recorded at 625649.

Shares of NRG Energy, Inc (NRG) fell by 1.53% or $-0.30/share to $19.37. In the past year, the shares have traded as low as $18.22 and as high as $25.66. On average, 2851270 shares of NRG exchange hands on a given day and today's volume is recorded at 2896676.

Shares of US Gold Corporation (UXG) fell by 3.03% or $-0.12/share to $3.84. In the past year, the shares have traded as low as $3.23 and as high as $9.87. On average, 2539980 shares of UXG exchange hands on a given day and today's volume is recorded at 3478356.