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Wednesday, April 25, 2012

Technical Downward Wedge: (PEG), (ATNI), (PCX), (AZK), (ATO)

Downward wedge patterns have been noticed on April 25 for the stocks Public Service Enterprise Group Inc, Atlantic Tele-Network, Inc, Patriot Coal Corporation, Aurizon Mines Ltd, and Atmos Energy 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 Public Service Enterprise Group Inc (PEG) traded higher by 0.56% or $0.17/share to $30.57. In the past year, the shares have traded as low as $27.07 and as high as $34.70. On average, 3550860 shares of PEG exchange hands on a given day and today's volume is recorded at 1723329.

Shares of Atlantic Tele-Network, Inc (ATNI) traded higher by 1.94% or $0.65/share to $34.07. In the past year, the shares have traded as low as $27.39 and as high as $42.27. On average, 27410 shares of ATNI exchange hands on a given day and today's volume is recorded at 24686.

Shares of Patriot Coal Corporation (PCX) traded higher by 0.66% or $0.04/share to $6.11. In the past year, the shares have traded as low as $5.42 and as high as $27.12. On average, 7497280 shares of PCX exchange hands on a given day and today's volume is recorded at 5289981.

Shares of Aurizon Mines Ltd (AZK) traded higher by 7.97% or $0.37/share to $5.01. In the past year, the shares have traded as low as $4.37 and as high as $7.25. On average, 618550 shares of AZK exchange hands on a given day and today's volume is recorded at 555838.

Shares of Atmos Energy Corporation (ATO) traded higher by 0.81% or $0.26/share to $32.25. In the past year, the shares have traded as low as $27.62 and as high as $34.81. On average, 438030 shares of ATO exchange hands on a given day and today's volume is recorded at 375052.