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Tuesday, December 13, 2011

Technical Downward Wedge: (BSX), (SOHU), (UNG), (TCL), (SKX)

Downward wedge patterns have been noticed on December 13 for the stocks Boston Scientific Corporation, Sohu.com Inc, United States Natural Gas, Tata Communications Limited, and Skechers USA 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 Boston Scientific Corporation (BSX) traded higher by 1.42% or $0.08/share to $5.36. In the past year, the shares have traded as low as $5.23 and as high as $7.95. On average, 21017300 shares of BSX exchange hands on a given day and today's volume is recorded at 19305232.

Shares of Sohu.com Inc (SOHU) fell by 4.30% or $-2.16/share to $48.06. In the past year, the shares have traded as low as $46.35 and as high as $109.38. On average, 1802920 shares of SOHU exchange hands on a given day and today's volume is recorded at 1090770.

Shares of United States Natural Gas (UNG) traded higher by 1.12% or $0.08/share to $7.22. In the past year, the shares have traded as low as $7.12 and as high as $12.96. On average, 9662010 shares of UNG exchange hands on a given day and today's volume is recorded at 7894319.

Shares of Tata Communications Limited (TCL) fell by 0.27% or $-0.02/share to $7.28. In the past year, the shares have traded as low as $6.74 and as high as $11.86. On average, 62520 shares of TCL exchange hands on a given day and today's volume is recorded at 29319.

Shares of Skechers USA Inc (SKX) fell by 1.12% or $-0.14/share to $12.33. In the past year, the shares have traded as low as $11.75 and as high as $23.66. On average, 1102160 shares of SKX exchange hands on a given day and today's volume is recorded at 514648.