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Monday, April 30, 2012

Bullish Downward Wedge Detected: (BBG), (PCX), (DEG), (ATO), (PEG)

Downward wedge patterns have been noticed on April 30 for the stocks Bill Barrett Corp, Patriot Coal Corporation, Etablissements Delhaize Freres et Cie Le Lion S.A, Atmos Energy Corporation, and Public Service Enterprise Group 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 Bill Barrett Corp (BBG) traded higher by 1.31% or $0.31/share to $24.0. In the past year, the shares have traded as low as $20.34 and as high as $52.13. On average, 1261240 shares of BBG exchange hands on a given day and today's volume is recorded at 1232045.

Shares of Patriot Coal Corporation (PCX) fell by 0.68% or $-0.04/share to $5.86. In the past year, the shares have traded as low as $5.42 and as high as $27.12. On average, 7461860 shares of PCX exchange hands on a given day and today's volume is recorded at 4609432.

Shares of Etablissements Delhaize Freres et Cie Le Lion S.A (DEG) traded higher by 0.04% or $0.02/share to $48.72. In the past year, the shares have traded as low as $46.90 and as high as $85.37. On average, 37630 shares of DEG exchange hands on a given day and today's volume is recorded at 20249.

Shares of Atmos Energy Corporation (ATO) traded higher by 0.59% or $0.19/share to $32.6. In the past year, the shares have traded as low as $27.62 and as high as $34.81. On average, 438890 shares of ATO exchange hands on a given day and today's volume is recorded at 264583.

Shares of Public Service Enterprise Group Inc (PEG) fell by 0.26% or $-0.08/share to $31.11. In the past year, the shares have traded as low as $27.07 and as high as $34.69. On average, 3498600 shares of PEG exchange hands on a given day and today's volume is recorded at 1586758.