Downward wedge patterns have been noticed on February 12 for the stocks Newmont Mining Corp, Market Vectors Gold Miners ETF, Acme Packet, Inc, Crown Media Holdings Inc, and NII 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 Newmont Mining Corp (NEM) fell by 1.68% or $-1.02/share to $59.62. In the past year, the shares have traded as low as $49.37 and as high as $72.03. On average, 5715750 shares of NEM exchange hands on a given day and today's volume is recorded at 4363295.
Shares of Market Vectors Gold Miners ETF (GDX) fell by 1.38% or $-0.76/share to $54.49. In the past year, the shares have traded as low as $49.22 and as high as $66.79. On average, 11823290 shares of GDX exchange hands on a given day and today's volume is recorded at 9895877.
Shares of Acme Packet, Inc (APKT) fell by 1.45% or $-0.48/share to $32.54. In the past year, the shares have traded as low as $25.20 and as high as $84.50. On average, 3119400 shares of APKT exchange hands on a given day and today's volume is recorded at 2875531.
Shares of Crown Media Holdings Inc (CRWN) remained unchanged at $1.18. In the past year, the shares have traded as low as $1.12 and as high as $3.23. On average, 111780 shares of CRWN exchange hands on a given day and today's volume is recorded at 123608.
Shares of NII Holdings Inc (NIHD) fell by 0.93% or $-0.21/share to $22.85. In the past year, the shares have traded as low as $18.82 and as high as $44.20. On average, 2700210 shares of NIHD exchange hands on a given day and today's volume is recorded at 2401247.
