Downward wedge patterns have been noticed on May 8 for the stocks Bill Barrett Corp, Tellabs Inc, Hilltop Holdings Inc, Pitney Bowes Inc, 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 Bill Barrett Corp (BBG) traded higher by 1.24% or $0.28/share to $22.79. In the past year, the shares have traded as low as $20.34 and as high as $52.13. On average, 1309150 shares of BBG exchange hands on a given day and today's volume is recorded at 1770828.
Shares of Tellabs Inc (TLAB) traded higher by 2.72% or $0.10/share to $3.78. In the past year, the shares have traded as low as $3.63 and as high as $4.75. On average, 2565300 shares of TLAB exchange hands on a given day and today's volume is recorded at 2239384.
Shares of Hilltop Holdings Inc (HTH) fell by 0.87% or $-0.07/share to $7.96. In the past year, the shares have traded as low as $6.88 and as high as $10.03. On average, 92360 shares of HTH exchange hands on a given day and today's volume is recorded at 233603.
Shares of Pitney Bowes Inc (PBI) fell by 4.59% or $-0.77/share to $16.02. In the past year, the shares have traded as low as $16.53 and as high as $23.46. On average, 3179390 shares of PBI exchange hands on a given day and today's volume is recorded at 10982000.
Shares of Market Vectors Gold Miners ETF (GDX) fell by 3.43% or $-1.50/share to $42.17. In the past year, the shares have traded as low as $43.09 and as high as $66.79. On average, 13096460 shares of GDX exchange hands on a given day and today's volume is recorded at 24835048.
