Downward wedge patterns have been noticed on May 24 for the stocks Patterson-UTI Energy Inc, Park National Corp, RF Micro Devices Inc, Universal American Corp, and ProShares UltraShort Telecommunications. 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 Patterson-UTI Energy Inc (PTEN) fell by 2.02% or $-0.32/share to $15.54. In the past year, the shares have traded as low as $14.36 and as high as $33.83. On average, 3731980 shares of PTEN exchange hands on a given day and today's volume is recorded at 2504673.
Shares of Park National Corp (PRK) fell by 0.70% or $-0.47/share to $66.25. In the past year, the shares have traded as low as $46.92 and as high as $70.95. On average, 36600 shares of PRK exchange hands on a given day and today's volume is recorded at 21394.
Shares of RF Micro Devices Inc (RFMD) traded higher by 4.32% or $0.15/share to $3.74. In the past year, the shares have traded as low as $3.50 and as high as $7.88. On average, 3635080 shares of RFMD exchange hands on a given day and today's volume is recorded at 4186546.
Shares of Universal American Corp (UAM) fell by 0.10% or $-0.01/share to $9.73. In the past year, the shares have traded as low as $8.79 and as high as $13.62. On average, 269600 shares of UAM exchange hands on a given day and today's volume is recorded at 88456.
Shares of ProShares UltraShort Telecommunications (TLL) remained unchanged at $41.71. In the past year, the shares have traded as low as $35.15 and as high as $56.19. On average, 510 shares of TLL exchange hands on a given day and today's volume is recorded at 0.
