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Sunday, December 4, 2011

Technical Downward Wedge: (VNET), (UNG), (FNFG), (FAF), (NRG)

Downward wedge patterns have been noticed on December 4 for the stocks 21Vianet Group, Inc, United States Natural Gas, First Niagara Financial Group Inc, First American Financial Corporation, and NRG Energy, 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) 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 United States Natural Gas (UNG) fell by 1.37% or $-0.11/share to $7.91. In the past year, the shares have traded as low as $7.63 and as high as $12.96. On average, 9243890 shares of UNG exchange hands on a given day and today's volume is recorded at 9885751.

Shares of First Niagara Financial Group Inc (FNFG) traded higher by 2.54% or $0.22/share to $8.89. In the past year, the shares have traded as low as $8.15 and as high as $14.46. On average, 5158440 shares of FNFG exchange hands on a given day and today's volume is recorded at 6812201.

Shares of First American Financial Corporation (FAF) traded higher by 0.71% or $0.08/share to $11.28. In the past year, the shares have traded as low as $10.51 and as high as $17.17. On average, 887960 shares of FAF exchange hands on a given day and today's volume is recorded at 281768.

Shares of NRG Energy, Inc (NRG) fell by 1.53% or $-0.30/share to $19.37. In the past year, the shares have traded as low as $18.22 and as high as $25.66. On average, 2851270 shares of NRG exchange hands on a given day and today's volume is recorded at 2961176.