Downward wedge patterns have been noticed on April 30 for the stocks Tellabs Inc, Market Vectors Gold Miners ETF, and Fifth Street Finance Corp. 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 Tellabs Inc (TLAB) fell by 1.70% or $-0.07/share to $3.76. In the past year, the shares have traded as low as $3.63 and as high as $4.90. On average, 2785440 shares of TLAB exchange hands on a given day and today's volume is recorded at 1461212.
Shares of Market Vectors Gold Miners ETF (GDX) fell by 0.81% or $-0.38/share to $46.42. In the past year, the shares have traded as low as $44.18 and as high as $66.79. On average, 12964160 shares of GDX exchange hands on a given day and today's volume is recorded at 6285874.
Shares of Fifth Street Finance Corp (FSC) traded higher by 0.41% or $0.04/share to $9.83. In the past year, the shares have traded as low as $7.72 and as high as $11.97. On average, 908140 shares of FSC exchange hands on a given day and today's volume is recorded at 673436.
