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Wednesday, December 7, 2011

Downward Wedge Patterns Shown in Stocks: (RIMM), (NBG), (LULU), (EZPW), (SLH)

Downward wedge patterns have been noticed on December 7 for the stocks Research In Motion Limited, National Bank of Greece SA, Lululemon Athletica Inc, EZCORP, Inc, and Solera Holdings 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 Research In Motion Limited (RIMM) fell by 2.52% or $-0.43/share to $16.6. In the past year, the shares have traded as low as $15.98 and as high as $70.55. On average, 23138630 shares of RIMM exchange hands on a given day and today's volume is recorded at 11015660.

Shares of National Bank of Greece SA (NBG) traded higher by 0.81% or $0.02/share to $2.49. In the past year, the shares have traded as low as $2.15 and as high as $11.85. On average, 677890 shares of NBG exchange hands on a given day and today's volume is recorded at 279290.

Shares of Lululemon Athletica Inc (LULU) fell by 1.08% or $-0.49/share to $45.05. In the past year, the shares have traded as low as $27.22 and as high as $64.49. On average, 4003160 shares of LULU exchange hands on a given day and today's volume is recorded at 3128557.

Shares of EZCORP, Inc (EZPW) traded higher by 0.07% or $0.02/share to $28.79. In the past year, the shares have traded as low as $25.30 and as high as $38.66. On average, 518990 shares of EZPW exchange hands on a given day and today's volume is recorded at 397277.

Shares of Solera Holdings Inc (SLH) traded higher by 0.13% or $0.06/share to $45.96. In the past year, the shares have traded as low as $45.63 and as high as $62.11. On average, 428680 shares of SLH exchange hands on a given day and today's volume is recorded at 360753.