Downward wedge patterns have been noticed on February 12 for the stocks Telecom Italia SpA, Permian Basin Royalty Trust, Canon Inc, and Aurizon Mines Ltd. 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 Telecom Italia SpA (TI-A) fell by 1.88% or $-0.17/share to $8.86. In the past year, the shares have traded as low as $8.31 and as high as $13.29. On average, 235090 shares of TI-A exchange hands on a given day and today's volume is recorded at 44857.
Shares of Permian Basin Royalty Trust (PBT) fell by 0.39% or $-0.08/share to $20.33. In the past year, the shares have traded as low as $17.63 and as high as $22.59. On average, 154260 shares of PBT exchange hands on a given day and today's volume is recorded at 126406.
Shares of Canon Inc (CAJ) fell by 2.52% or $-1.13/share to $43.69. In the past year, the shares have traded as low as $41.70 and as high as $50.00. On average, 272780 shares of CAJ exchange hands on a given day and today's volume is recorded at 203515.
Shares of Aurizon Mines Ltd (AZK) fell by 1.31% or $-0.07/share to $5.26. In the past year, the shares have traded as low as $4.53 and as high as $7.77. On average, 557590 shares of AZK exchange hands on a given day and today's volume is recorded at 581684.
