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Monday, January 9, 2012

Bullish Wedge Pattern Detected: (SCHW), (MKTG), (PAAS), (VNET), (TNE)

Downward wedge patterns have been noticed on January 9 for the stocks The Charles Schwab Corporation, Responsys, Inc, Pan American Silver Corp, 21Vianet Group, Inc, and Tele Norte Leste Participacoes S.A. 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 The Charles Schwab Corporation (SCHW) traded higher by 0.66% or $0.08/share to $12.12. In the past year, the shares have traded as low as $10.51 and as high as $19.44. On average, 13311180 shares of SCHW exchange hands on a given day and today's volume is recorded at 8660430.

Shares of Responsys, Inc (MKTG) traded higher by 2.82% or $0.26/share to $9.63. In the past year, the shares have traded as low as $7.30 and as high as $18.18. On average, 237080 shares of MKTG exchange hands on a given day and today's volume is recorded at 164996.

Shares of Pan American Silver Corp (PAAS) traded higher by 0.49% or $0.11/share to $22.42. In the past year, the shares have traded as low as $19.93 and as high as $42.95. On average, 1058450 shares of PAAS exchange hands on a given day and today's volume is recorded at 371430.

Shares of 21Vianet Group, Inc (VNET) fell by 0.86% or $-0.08/share to $9.27. In the past year, the shares have traded as low as $8.31 and as high as $22.33. On average, 304570 shares of VNET exchange hands on a given day and today's volume is recorded at 105350.

Shares of Tele Norte Leste Participacoes S.A (TNE) traded higher by 0.92% or $0.09/share to $9.84. In the past year, the shares have traded as low as $8.49 and as high as $19.16. On average, 1065760 shares of TNE exchange hands on a given day and today's volume is recorded at 616203.