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Sunday, March 11, 2012

Alert for Upward Wedge Forming: (XCO), (AZK)

Downward wedge patterns have been noticed on March 11 for the stocks EXCO Resources 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 EXCO Resources Inc (XCO) fell by 0.29% or $-0.02/share to $6.95. In the past year, the shares have traded as low as $6.55 and as high as $20.85. On average, 5447300 shares of XCO exchange hands on a given day and today's volume is recorded at 4235613.

Shares of Aurizon Mines Ltd (AZK) traded higher by 1.41% or $0.07/share to $5.02. In the past year, the shares have traded as low as $4.53 and as high as $7.50. On average, 570120 shares of AZK exchange hands on a given day and today's volume is recorded at 440621.