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Monday, January 9, 2012

Downward Wedge Patterns Shown in Stocks: (BMC), (SKX), (FBR), (EZPW), (VECO)

Downward wedge patterns have been noticed on January 9 for the stocks BMC Software Inc, Skechers USA Inc, Fibria Celulose SA, EZCORP, Inc, and Veeco Instruments 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 BMC Software Inc (BMC) fell by 0.03% or $-0.01/share to $32.0. In the past year, the shares have traded as low as $31.78 and as high as $56.55. On average, 2622790 shares of BMC exchange hands on a given day and today's volume is recorded at 1224359.

Shares of Skechers USA Inc (SKX) fell by 1.03% or $-0.12/share to $11.58. In the past year, the shares have traded as low as $11.49 and as high as $23.66. On average, 905080 shares of SKX exchange hands on a given day and today's volume is recorded at 662149.

Shares of Fibria Celulose SA (FBR) fell by 0.39% or $-0.03/share to $7.76. In the past year, the shares have traded as low as $6.65 and as high as $16.61. On average, 1634130 shares of FBR exchange hands on a given day and today's volume is recorded at 661338.

Shares of EZCORP, Inc (EZPW) traded higher by 2.32% or $0.60/share to $26.43. In the past year, the shares have traded as low as $25.30 and as high as $38.66. On average, 489390 shares of EZPW exchange hands on a given day and today's volume is recorded at 301214.

Shares of Veeco Instruments Inc (VECO) traded higher by 1.32% or $0.30/share to $23.0. In the past year, the shares have traded as low as $20.35 and as high as $57.67. On average, 1543160 shares of VECO exchange hands on a given day and today's volume is recorded at 1023091.