Downward wedge patterns have been noticed on January 4 for the stocks Legg Mason Inc, Skechers USA Inc, Solera Holdings Inc, Tata Communications Limited, and Lone Pine Resources 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 Legg Mason Inc (LM) fell by 0.53% or $-0.13/share to $24.38. In the past year, the shares have traded as low as $22.54 and as high as $37.48. On average, 2242550 shares of LM exchange hands on a given day and today's volume is recorded at 1143248.
Shares of Skechers USA Inc (SKX) traded higher by 0.32% or $0.04/share to $12.62. In the past year, the shares have traded as low as $11.75 and as high as $23.66. On average, 926950 shares of SKX exchange hands on a given day and today's volume is recorded at 236308.
Shares of Solera Holdings Inc (SLH) fell by 0.61% or $-0.27/share to $44.24. In the past year, the shares have traded as low as $44.15 and as high as $62.11. On average, 410250 shares of SLH exchange hands on a given day and today's volume is recorded at 259178.
Shares of Tata Communications Limited (TCL) traded higher by 0.12% or $0.01/share to $8.16. In the past year, the shares have traded as low as $6.74 and as high as $11.86. On average, 59270 shares of TCL exchange hands on a given day and today's volume is recorded at 6600.
Shares of Lone Pine Resources Inc (LPR) traded higher by 0.07% or $0.01/share to $7.43. In the past year, the shares have traded as low as $5.38 and as high as $13.10. On average, 973950 shares of LPR exchange hands on a given day and today's volume is recorded at 549276.
