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

Wednesday, December 7, 2011

Stocks with Downward Wedge Patterns: (UXG), (BAK), (ANH), (NRG), (UNG)

Downward wedge patterns have been noticed on December 7 for the stocks US Gold Corporation, Braskem S.A, Anworth Mortgage Asset Corporation, NRG Energy, Inc, and United States Natural Gas. 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 US Gold Corporation (UXG) fell by 4.79% or $-0.19/share to $3.78. In the past year, the shares have traded as low as $3.23 and as high as $9.87. On average, 2534030 shares of UXG exchange hands on a given day and today's volume is recorded at 1757387.

Shares of Braskem S.A (BAK) fell by 0.13% or $-0.02/share to $16.11. In the past year, the shares have traded as low as $13.89 and as high as $32.30. On average, 522100 shares of BAK exchange hands on a given day and today's volume is recorded at 405146.

Shares of Anworth Mortgage Asset Corporation (ANH) traded higher by 0.15% or $0.01/share to $6.52. In the past year, the shares have traded as low as $5.45 and as high as $7.30. On average, 1802670 shares of ANH exchange hands on a given day and today's volume is recorded at 750227.

Shares of NRG Energy, Inc (NRG) traded higher by 0.98% or $0.19/share to $19.56. In the past year, the shares have traded as low as $18.22 and as high as $25.66. On average, 2872000 shares of NRG exchange hands on a given day and today's volume is recorded at 1821549.

Shares of United States Natural Gas (UNG) fell by 1.82% or $-0.14/share to $7.54. In the past year, the shares have traded as low as $7.56 and as high as $12.96. On average, 9350340 shares of UNG exchange hands on a given day and today's volume is recorded at 6400399.