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Tuesday, April 24, 2012

Bullish Wedge Pattern Detected: (PCX), (ANR), (ATNI), (AZK), (FTE)

Downward wedge patterns have been noticed on April 24 for the stocks Patriot Coal Corporation, Alpha Natural Resources, Inc, Atlantic Tele-Network, Inc, Aurizon Mines Ltd, and France Telecom. 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) traded higher by 1.00% or $0.06/share to $6.06. In the past year, the shares have traded as low as $5.42 and as high as $27.11. On average, 7530680 shares of PCX exchange hands on a given day and today's volume is recorded at 4585051.

Shares of Alpha Natural Resources, Inc (ANR) traded higher by 1.81% or $0.29/share to $16.41. In the past year, the shares have traded as low as $13.80 and as high as $59.20. On average, 12908500 shares of ANR exchange hands on a given day and today's volume is recorded at 9555347.

Shares of Atlantic Tele-Network, Inc (ATNI) traded higher by 1.81% or $0.59/share to $33.17. In the past year, the shares have traded as low as $27.39 and as high as $42.27. On average, 27450 shares of ATNI exchange hands on a given day and today's volume is recorded at 18182.

Shares of Aurizon Mines Ltd (AZK) fell by 1.48% or $-0.07/share to $4.65. In the past year, the shares have traded as low as $4.37 and as high as $7.25. On average, 618670 shares of AZK exchange hands on a given day and today's volume is recorded at 284149.

Shares of France Telecom (FTE) traded higher by 3.13% or $0.41/share to $13.51. In the past year, the shares have traded as low as $12.98 and as high as $21.45. On average, 1713370 shares of FTE exchange hands on a given day and today's volume is recorded at 1407122.