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Monday, January 9, 2012

Stocks with Downward Wedge Patterns: (CSH), (STI), (HAL), (BAC), (SLH)

Downward wedge patterns have been noticed on January 9 for the stocks Cash America International, Inc, SunTrust Banks, Inc, Halliburton Company, Bank of America Corporation, and Solera Holdings 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 Cash America International, Inc (CSH) fell by 0.31% or $-0.14/share to $45.46. In the past year, the shares have traded as low as $36.95 and as high as $62.29. On average, 339750 shares of CSH exchange hands on a given day and today's volume is recorded at 205854.

Shares of SunTrust Banks, Inc (STI) traded higher by 1.65% or $0.33/share to $20.08. In the past year, the shares have traded as low as $15.79 and as high as $32.95. On average, 7907810 shares of STI exchange hands on a given day and today's volume is recorded at 3846900.

Shares of Halliburton Company (HAL) traded higher by 1.11% or $0.39/share to $35.37. In the past year, the shares have traded as low as $27.14 and as high as $57.49. On average, 18830480 shares of HAL exchange hands on a given day and today's volume is recorded at 8959663.

Shares of Bank of America Corporation (BAC) traded higher by 1.78% or $0.11/share to $6.29. In the past year, the shares have traded as low as $4.92 and as high as $15.24. On average, 261446700 shares of BAC exchange hands on a given day and today's volume is recorded at 188707328.

Shares of Solera Holdings Inc (SLH) fell by 0.38% or $-0.17/share to $44.08. In the past year, the shares have traded as low as $43.43 and as high as $62.11. On average, 412670 shares of SLH exchange hands on a given day and today's volume is recorded at 115010.