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Sunday, April 8, 2012

Bullish Wedge Pattern Detected: (AZK), (ATO), (PMF), (DEG), (AZC)

Downward wedge patterns have been noticed on April 8 for the stocks Aurizon Mines Ltd, Atmos Energy Corporation, PIMCO Municipal Income Fund, Etablissements Delhaize Freres et Cie Le Lion S.A, and Augusta Resource 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 Aurizon Mines Ltd (AZK) fell by 0.87% or $-0.04/share to $4.55. In the past year, the shares have traded as low as $4.37 and as high as $7.35. On average, 609040 shares of AZK exchange hands on a given day and today's volume is recorded at 434670.

Shares of Atmos Energy Corporation (ATO) fell by 0.88% or $-0.28/share to $31.44. In the past year, the shares have traded as low as $27.62 and as high as $34.81. On average, 411660 shares of ATO exchange hands on a given day and today's volume is recorded at 311641.

Shares of PIMCO Municipal Income Fund (PMF) traded higher by 0.13% or $0.02/share to $14.85. In the past year, the shares have traded as low as $11.66 and as high as $15.31. On average, 58190 shares of PMF exchange hands on a given day and today's volume is recorded at 24994.

Shares of Etablissements Delhaize Freres et Cie Le Lion S.A (DEG) fell by 1.51% or $-0.76/share to $49.63. In the past year, the shares have traded as low as $50.15 and as high as $86.21. On average, 43060 shares of DEG exchange hands on a given day and today's volume is recorded at 39784.

Shares of Augusta Resource Corp (AZC) fell by 4.68% or $-0.11/share to $2.24. In the past year, the shares have traded as low as $2.25 and as high as $5.58. On average, 212720 shares of AZC exchange hands on a given day and today's volume is recorded at 650698.