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Friday, December 2, 2011

Technical Downward Wedge: (VNET), (DWA), (SLH), (SOHU), (ANH)

Downward wedge patterns have been noticed on December 2 for the stocks 21Vianet Group, Inc, DreamWorks Animation SKG Inc, Solera Holdings Inc, Sohu.com Inc, and Anworth Mortgage Asset Corporation. 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) traded higher by 1.16% or $0.11/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, 305970 shares of VNET exchange hands on a given day and today's volume is recorded at 40086.

Shares of DreamWorks Animation SKG Inc (DWA) traded higher by 1.12% or $0.20/share to $18.11. In the past year, the shares have traded as low as $16.34 and as high as $31.65. On average, 979820 shares of DWA exchange hands on a given day and today's volume is recorded at 543078.

Shares of Solera Holdings Inc (SLH) fell by 0.76% or $-0.36/share to $46.9. In the past year, the shares have traded as low as $45.63 and as high as $62.11. On average, 417960 shares of SLH exchange hands on a given day and today's volume is recorded at 550628.

Shares of Sohu.com Inc (SOHU) traded higher by 1.17% or $0.59/share to $50.99. In the past year, the shares have traded as low as $46.35 and as high as $109.37. On average, 1812540 shares of SOHU exchange hands on a given day and today's volume is recorded at 1797953.

Shares of Anworth Mortgage Asset Corporation (ANH) traded higher by 0.80% or $0.05/share to $6.3. In the past year, the shares have traded as low as $5.45 and as high as $7.30. On average, 1851450 shares of ANH exchange hands on a given day and today's volume is recorded at 1517399.