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Friday, April 27, 2012

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

Downward wedge patterns have been noticed on April 27 for the stocks Patriot Coal Corporation, Bill Barrett Corp, Public Service Enterprise Group Inc, Atmos Energy Corporation, and Etablissements Delhaize Freres et Cie Le Lion S.A. 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 Patriot Coal Corporation (PCX) fell by 3.59% or $-0.22/share to $5.9. In the past year, the shares have traded as low as $5.42 and as high as $27.11. On average, 7463350 shares of PCX exchange hands on a given day and today's volume is recorded at 4903197.

Shares of Bill Barrett Corp (BBG) traded higher by 3.00% or $0.69/share to $23.69. In the past year, the shares have traded as low as $20.34 and as high as $52.13. On average, 1247160 shares of BBG exchange hands on a given day and today's volume is recorded at 1762323.

Shares of Public Service Enterprise Group Inc (PEG) traded higher by 0.78% or $0.24/share to $31.19. In the past year, the shares have traded as low as $27.07 and as high as $34.69. On average, 3504880 shares of PEG exchange hands on a given day and today's volume is recorded at 2676090.

Shares of Atmos Energy Corporation (ATO) traded higher by 0.37% or $0.12/share to $32.41. In the past year, the shares have traded as low as $27.62 and as high as $34.81. On average, 439830 shares of ATO exchange hands on a given day and today's volume is recorded at 313080.

Shares of Etablissements Delhaize Freres et Cie Le Lion S.A (DEG) traded higher by 1.37% or $0.66/share to $48.7. In the past year, the shares have traded as low as $46.90 and as high as $86.21. On average, 37210 shares of DEG exchange hands on a given day and today's volume is recorded at 113655.