Downward wedge patterns have been noticed on April 8 for the stocks Market Vectors Gold Miners ETF, Kinross Gold Corporation, Patriot Coal Corporation, Barrick Gold Corporation, 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 Market Vectors Gold Miners ETF (GDX) fell by 1.09% or $-0.51/share to $46.2. In the past year, the shares have traded as low as $46.01 and as high as $66.78. On average, 12493770 shares of GDX exchange hands on a given day and today's volume is recorded at 11557193.
Shares of Kinross Gold Corporation (KGC) fell by 0.54% or $-0.05/share to $9.19. In the past year, the shares have traded as low as $9.13 and as high as $18.05. On average, 9770170 shares of KGC exchange hands on a given day and today's volume is recorded at 6838574.
Shares of Patriot Coal Corporation (PCX) fell by 3.06% or $-0.18/share to $5.7. In the past year, the shares have traded as low as $5.85 and as high as $27.23. On average, 7411240 shares of PCX exchange hands on a given day and today's volume is recorded at 6565983.
Shares of Barrick Gold Corporation (ABX) fell by 1.40% or $-0.58/share to $40.73. In the past year, the shares have traded as low as $40.46 and as high as $55.60. On average, 7669630 shares of ABX exchange hands on a given day and today's volume is recorded at 9032094.
Shares of France Telecom (FTE) fell by 1.20% or $-0.17/share to $13.94. In the past year, the shares have traded as low as $14.03 and as high as $21.45. On average, 1564980 shares of FTE exchange hands on a given day and today's volume is recorded at 1995617.
