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Friday, March 23, 2012

Downward Wedge Patterns Shown in Stocks: (ATO), (ATNI), (IIJI), (PTNR), (AZK)

Downward wedge patterns have been noticed on March 23 for the stocks Atmos Energy Corporation, Atlantic Tele-Network, Inc, Internet Initiative Japan Inc, Partner Communications Company Ltd, 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 Atmos Energy Corporation (ATO) traded higher by 0.49% or $0.15/share to $30.76. In the past year, the shares have traded as low as $27.62 and as high as $34.81. On average, 385740 shares of ATO exchange hands on a given day and today's volume is recorded at 204868.

Shares of Atlantic Tele-Network, Inc (ATNI) traded higher by 1.23% or $0.46/share to $37.82. In the past year, the shares have traded as low as $27.55 and as high as $42.52. On average, 24490 shares of ATNI exchange hands on a given day and today's volume is recorded at 8349.

Shares of Internet Initiative Japan Inc (IIJI) traded higher by 1.75% or $0.13/share to $7.57. In the past year, the shares have traded as low as $6.67 and as high as $11.78. On average, 11920 shares of IIJI exchange hands on a given day and today's volume is recorded at 6921.

Shares of Partner Communications Company Ltd (PTNR) fell by 0.64% or $-0.05/share to $7.74. In the past year, the shares have traded as low as $7.02 and as high as $18.51. On average, 276610 shares of PTNR exchange hands on a given day and today's volume is recorded at 77692.

Shares of Aurizon Mines Ltd (AZK) traded higher by 2.99% or $0.14/share to $4.82. In the past year, the shares have traded as low as $4.37 and as high as $7.50. On average, 608090 shares of AZK exchange hands on a given day and today's volume is recorded at 452207.