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Tuesday, April 24, 2012

Stocks with Downward Wedge Patterns: (PEG), (DEG), (ATO), (GDX)

Downward wedge patterns have been noticed on April 24 for the stocks Public Service Enterprise Group Inc, Etablissements Delhaize Freres et Cie Le Lion S.A, Atmos Energy Corporation, and Market Vectors Gold Miners ETF. 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 Public Service Enterprise Group Inc (PEG) traded higher by 0.27% or $0.08/share to $30.43. In the past year, the shares have traded as low as $27.07 and as high as $34.69. On average, 3552850 shares of PEG exchange hands on a given day and today's volume is recorded at 1856797.

Shares of Etablissements Delhaize Freres et Cie Le Lion S.A (DEG) traded higher by 0.32% or $0.15/share to $47.32. In the past year, the shares have traded as low as $46.90 and as high as $86.21. On average, 41730 shares of DEG exchange hands on a given day and today's volume is recorded at 25618.

Shares of Atmos Energy Corporation (ATO) traded higher by 0.50% or $0.16/share to $31.88. In the past year, the shares have traded as low as $27.62 and as high as $34.81. On average, 432700 shares of ATO exchange hands on a given day and today's volume is recorded at 445001.

Shares of Market Vectors Gold Miners ETF (GDX) fell by 0.03% or $-0.01/share to $45.03. In the past year, the shares have traded as low as $44.19 and as high as $66.79. On average, 13306610 shares of GDX exchange hands on a given day and today's volume is recorded at 8197034.