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Sunday, May 13, 2012

Alert for Upward Wedge Forming: (QID)

Downward wedge patterns have been noticed on May 13 for the stocks ProShares UltraShort QQQ. 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 ProShares UltraShort QQQ (QID) traded higher by 0.01% or $0.00/share to $33.16. In the past year, the shares have traded as low as $29.41 and as high as $63.83. On average, 4902860 shares of QID exchange hands on a given day and today's volume is recorded at 3819987.