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Thursday, March 29, 2012

Technical Downward Wedge: (ATO), (AZK), (FTE), (KGC), (PTNR)

Downward wedge patterns have been noticed on March 29 for the stocks Atmos Energy Corporation, Aurizon Mines Ltd, France Telecom, Kinross Gold Corporation, and Partner Communications Company 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 0.83% or $0.26/share to $31.14. In the past year, the shares have traded as low as $27.62 and as high as $34.81. On average, 393780 shares of ATO exchange hands on a given day and today's volume is recorded at 489525.

Shares of Aurizon Mines Ltd (AZK) traded higher by 0.85% or $0.04/share to $4.75. In the past year, the shares have traded as low as $4.37 and as high as $7.35. On average, 612800 shares of AZK exchange hands on a given day and today's volume is recorded at 235732.

Shares of France Telecom (FTE) fell by 1.66% or $-0.25/share to $14.81. In the past year, the shares have traded as low as $14.35 and as high as $21.45. On average, 1484460 shares of FTE exchange hands on a given day and today's volume is recorded at 1646825.

Shares of Kinross Gold Corporation (KGC) fell by 0.41% or $-0.04/share to $9.69. In the past year, the shares have traded as low as $9.63 and as high as $18.05. On average, 9510460 shares of KGC exchange hands on a given day and today's volume is recorded at 6526182.

Shares of Partner Communications Company Ltd (PTNR) fell by 3.35% or $-0.26/share to $7.5. In the past year, the shares have traded as low as $7.02 and as high as $18.51. On average, 268580 shares of PTNR exchange hands on a given day and today's volume is recorded at 132135.