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Tuesday, March 27, 2012

Downward Wedge Patterns Shown in Stocks: (PTNR), (AZK), (ATO), (KGC), (ABX)

Downward wedge patterns have been noticed on March 27 for the stocks Partner Communications Company Ltd, Aurizon Mines Ltd, Atmos Energy Corporation, Kinross Gold Corporation, and Barrick Gold Corporation. 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 Partner Communications Company Ltd (PTNR) fell by 3.19% or $-0.25/share to $7.58. In the past year, the shares have traded as low as $7.02 and as high as $18.51. On average, 272440 shares of PTNR exchange hands on a given day and today's volume is recorded at 229206.

Shares of Aurizon Mines Ltd (AZK) fell by 3.81% or $-0.19/share to $4.8. In the past year, the shares have traded as low as $4.37 and as high as $7.35. On average, 608850 shares of AZK exchange hands on a given day and today's volume is recorded at 495444.

Shares of Atmos Energy Corporation (ATO) traded higher by 0.50% or $0.15/share to $31.15. In the past year, the shares have traded as low as $27.62 and as high as $34.81. On average, 390530 shares of ATO exchange hands on a given day and today's volume is recorded at 393541.

Shares of Kinross Gold Corporation (KGC) fell by 3.04% or $-0.31/share to $9.9. In the past year, the shares have traded as low as $9.63 and as high as $18.05. On average, 9309250 shares of KGC exchange hands on a given day and today's volume is recorded at 11119833.

Shares of Barrick Gold Corporation (ABX) fell by 1.51% or $-0.67/share to $43.82. In the past year, the shares have traded as low as $42.13 and as high as $55.60. On average, 7387910 shares of ABX exchange hands on a given day and today's volume is recorded at 6409773.