Downward wedge patterns have been noticed on May 11 for the stocks RF Micro Devices Inc, Tellabs Inc, ProShares UltraShort QQQ, 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 RF Micro Devices Inc (RFMD) traded higher by 0.76% or $0.03/share to $4.0. In the past year, the shares have traded as low as $3.86 and as high as $7.89. On average, 3791560 shares of RFMD exchange hands on a given day and today's volume is recorded at 1652281.
Shares of Tellabs Inc (TLAB) fell by 0.97% or $-0.04/share to $3.75. In the past year, the shares have traded as low as $3.61 and as high as $4.71. On average, 2452880 shares of TLAB exchange hands on a given day and today's volume is recorded at 850733.
Shares of ProShares UltraShort QQQ (QID) fell by 0.30% or $-0.10/share to $33.06. 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 3511670.
Shares of Pitney Bowes Inc (PBI) fell by 1.38% or $-0.21/share to $14.96. In the past year, the shares have traded as low as $14.76 and as high as $22.91. On average, 3219750 shares of PBI exchange hands on a given day and today's volume is recorded at 2428247.
Shares of Market Vectors Gold Miners ETF (GDX) fell by 1.51% or $-0.65/share to $42.44. In the past year, the shares have traded as low as $41.10 and as high as $66.78. On average, 13807850 shares of GDX exchange hands on a given day and today's volume is recorded at 9894684.
