Downward wedge patterns have been noticed on February 28 for the stocks FNB United Corp, Precision Drilling Corporation, Acme Packet, Inc, Logitech International SA, and Market Vectors Gold Miners ETF. 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 FNB United Corp (FNBN) fell by 1.79% or $-0.27/share to $14.79. In the past year, the shares have traded as low as $10.98 and as high as $75.00. On average, 2460 shares of FNBN exchange hands on a given day and today's volume is recorded at 2700.
Shares of Precision Drilling Corporation (PDS) traded higher by 0.66% or $0.08/share to $12.19. In the past year, the shares have traded as low as $7.52 and as high as $18.18. On average, 1869540 shares of PDS exchange hands on a given day and today's volume is recorded at 1287680.
Shares of Acme Packet, Inc (APKT) fell by 4.90% or $-1.66/share to $32.24. In the past year, the shares have traded as low as $25.20 and as high as $84.51. On average, 3192900 shares of APKT exchange hands on a given day and today's volume is recorded at 2859502.
Shares of Logitech International SA (LOGI) fell by 0.47% or $-0.04/share to $8.41. In the past year, the shares have traded as low as $7.10 and as high as $20.11. On average, 504570 shares of LOGI exchange hands on a given day and today's volume is recorded at 305182.
Shares of Market Vectors Gold Miners ETF (GDX) traded higher by 2.14% or $1.20/share to $57.26. In the past year, the shares have traded as low as $49.22 and as high as $66.78. On average, 11738650 shares of GDX exchange hands on a given day and today's volume is recorded at 12631485.
