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Tuesday, January 3, 2012

Technical Downward Wedge: (PAAS), (SLH), (LM), (RIMM), (FBR)

Downward wedge patterns have been noticed on January 3 for the stocks Pan American Silver Corp, Solera Holdings Inc, Legg Mason Inc, Research In Motion Limited, and Fibria Celulose SA. 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 Pan American Silver Corp (PAAS) traded higher by 4.13% or $0.90/share to $22.71. In the past year, the shares have traded as low as $19.93 and as high as $42.95. On average, 1109940 shares of PAAS exchange hands on a given day and today's volume is recorded at 1233684.

Shares of Solera Holdings Inc (SLH) fell by 0.07% or $-0.03/share to $44.51. In the past year, the shares have traded as low as $44.15 and as high as $62.11. On average, 409150 shares of SLH exchange hands on a given day and today's volume is recorded at 552296.

Shares of Legg Mason Inc (LM) traded higher by 1.91% or $0.46/share to $24.51. In the past year, the shares have traded as low as $22.54 and as high as $37.48. On average, 2272220 shares of LM exchange hands on a given day and today's volume is recorded at 1698103.

Shares of Research In Motion Limited (RIMM) traded higher by 6.97% or $1.01/share to $15.51. In the past year, the shares have traded as low as $12.45 and as high as $70.53. On average, 22777600 shares of RIMM exchange hands on a given day and today's volume is recorded at 37031624.

Shares of Fibria Celulose SA (FBR) traded higher by 5.53% or $0.43/share to $8.2. In the past year, the shares have traded as low as $6.65 and as high as $16.61. On average, 1670870 shares of FBR exchange hands on a given day and today's volume is recorded at 2271616.