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

Sunday, December 18, 2011

Downward Wedge Patterns Shown in Stocks: (GEO), (BAK), (SLH), (VNET), (SAN)

Downward wedge patterns have been noticed on December 18 for the stocks The GEO Group, Inc, Braskem S.A, Solera Holdings Inc, 21Vianet Group, Inc, and Banco Santander-Chile. 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 The GEO Group, Inc (GEO) fell by 0.29% or $-0.05/share to $16.9. In the past year, the shares have traded as low as $16.40 and as high as $26.95. On average, 662170 shares of GEO exchange hands on a given day and today's volume is recorded at 867326.

Shares of Braskem S.A (BAK) traded higher by 0.69% or $0.10/share to $14.56. In the past year, the shares have traded as low as $13.89 and as high as $32.30. On average, 508750 shares of BAK exchange hands on a given day and today's volume is recorded at 175940.

Shares of Solera Holdings Inc (SLH) traded higher by 0.80% or $0.36/share to $45.21. In the past year, the shares have traded as low as $44.15 and as high as $62.11. On average, 417370 shares of SLH exchange hands on a given day and today's volume is recorded at 728395.

Shares of 21Vianet Group, Inc (VNET) traded higher by 9.74% or $0.85/share to $9.58. In the past year, the shares have traded as low as $8.31 and as high as $22.33. On average, 297810 shares of VNET exchange hands on a given day and today's volume is recorded at 279448.

Shares of Banco Santander-Chile (SAN) traded higher by 1.61% or $1.14/share to $72.09. In the past year, the shares have traded as low as $62.08 and as high as $96.82. On average, 399690 shares of SAN exchange hands on a given day and today's volume is recorded at 359597.