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Tuesday, December 13, 2011

Stocks with Downward Wedge Patterns: (VNET), (SAN), (BAK), (EZPW), (SLH)

Downward wedge patterns have been noticed on December 13 for the stocks 21Vianet Group, Inc, Banco Santander-Chile, Braskem S.A, 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 21Vianet Group, Inc (VNET) fell by 0.11% or $-0.01/share to $8.93. In the past year, the shares have traded as low as $8.31 and as high as $22.33. On average, 300390 shares of VNET exchange hands on a given day and today's volume is recorded at 73963.

Shares of Banco Santander-Chile (SAN) fell by 0.78% or $-0.58/share to $73.52. In the past year, the shares have traded as low as $62.08 and as high as $96.83. On average, 395170 shares of SAN exchange hands on a given day and today's volume is recorded at 301802.

Shares of Braskem S.A (BAK) fell by 1.34% or $-0.20/share to $14.72. In the past year, the shares have traded as low as $13.89 and as high as $32.30. On average, 523500 shares of BAK exchange hands on a given day and today's volume is recorded at 401083.

Shares of EZCORP, Inc (EZPW) traded higher by 0.80% or $0.23/share to $28.87. In the past year, the shares have traded as low as $25.30 and as high as $38.66. On average, 520030 shares of EZPW exchange hands on a given day and today's volume is recorded at 241664.

Shares of Solera Holdings Inc (SLH) fell by 1.48% or $-0.68/share to $45.4. In the past year, the shares have traded as low as $45.31 and as high as $62.11. On average, 431020 shares of SLH exchange hands on a given day and today's volume is recorded at 234056.