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Tuesday, March 27, 2012

Bullish Downward Wedge Detected: (IIJI), (PCX), (ATNI)

Downward wedge patterns have been noticed on March 27 for the stocks Internet Initiative Japan Inc, Patriot Coal Corporation, and Atlantic Tele-Network, 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 Internet Initiative Japan Inc (IIJI) traded higher by 2.67% or $0.21/share to $8.07. In the past year, the shares have traded as low as $6.67 and as high as $11.78. On average, 11980 shares of IIJI exchange hands on a given day and today's volume is recorded at 49869.

Shares of Patriot Coal Corporation (PCX) fell by 3.61% or $-0.24/share to $6.4. In the past year, the shares have traded as low as $5.97 and as high as $27.56. On average, 7163880 shares of PCX exchange hands on a given day and today's volume is recorded at 5526693.

Shares of Atlantic Tele-Network, Inc (ATNI) fell by 2.19% or $-0.85/share to $37.98. In the past year, the shares have traded as low as $27.55 and as high as $42.52. On average, 24480 shares of ATNI exchange hands on a given day and today's volume is recorded at 12836.