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Monday, April 23, 2012

Stocks with Downward Wedge Patterns: (ATNI), (AZK), (FTE), (PCX)

Downward wedge patterns have been noticed on April 23 for the stocks Atlantic Tele-Network, Inc, Aurizon Mines Ltd, France Telecom, and Patriot Coal Corporation. 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 Atlantic Tele-Network, Inc (ATNI) fell by 2.79% or $-0.94/share to $32.71. In the past year, the shares have traded as low as $27.39 and as high as $42.27. On average, 27150 shares of ATNI exchange hands on a given day and today's volume is recorded at 21355.

Shares of Aurizon Mines Ltd (AZK) fell by 3.10% or $-0.15/share to $4.69. In the past year, the shares have traded as low as $4.37 and as high as $7.25. On average, 617150 shares of AZK exchange hands on a given day and today's volume is recorded at 382167.

Shares of France Telecom (FTE) fell by 1.13% or $-0.15/share to $13.11. In the past year, the shares have traded as low as $13.04 and as high as $21.45. On average, 1683770 shares of FTE exchange hands on a given day and today's volume is recorded at 2650117.

Shares of Patriot Coal Corporation (PCX) fell by 4.59% or $-0.29/share to $5.93. In the past year, the shares have traded as low as $5.42 and as high as $27.14. On average, 7605440 shares of PCX exchange hands on a given day and today's volume is recorded at 5810184.