Downward wedge patterns have been noticed on May 14 for the stocks Tootsie Roll Industries Inc, RF Micro Devices Inc, ProShares UltraShort QQQ, Tellabs Inc, and Patriot Coal 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 Tootsie Roll Industries Inc (TR) traded higher by 0.18% or $0.04/share to $22.34. In the past year, the shares have traded as low as $21.63 and as high as $29.62. On average, 123510 shares of TR exchange hands on a given day and today's volume is recorded at 36944.
Shares of RF Micro Devices Inc (RFMD) fell by 2.49% or $-0.10/share to $3.91. In the past year, the shares have traded as low as $3.86 and as high as $7.89. On average, 3763900 shares of RFMD exchange hands on a given day and today's volume is recorded at 1456137.
Shares of ProShares UltraShort QQQ (QID) traded higher by 0.66% or $0.22/share to $33.38. In the past year, the shares have traded as low as $29.41 and as high as $63.84. On average, 4885670 shares of QID exchange hands on a given day and today's volume is recorded at 2942243.
Shares of Tellabs Inc (TLAB) fell by 1.88% or $-0.07/share to $3.66. In the past year, the shares have traded as low as $3.61 and as high as $4.72. On average, 2439540 shares of TLAB exchange hands on a given day and today's volume is recorded at 1070059.
Shares of Patriot Coal Corporation (PCX) fell by 1.90% or $-0.09/share to $4.89. In the past year, the shares have traded as low as $4.91 and as high as $24.96. On average, 7139770 shares of PCX exchange hands on a given day and today's volume is recorded at 3411339.
