Downward wedge patterns have been noticed on May 22 for the stocks Bill Barrett Corp, ProShares UltraShort Telecommunications, and PPL 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 Bill Barrett Corp (BBG) fell by 4.45% or $-0.94/share to $20.2. In the past year, the shares have traded as low as $20.34 and as high as $52.13. On average, 1408930 shares of BBG exchange hands on a given day and today's volume is recorded at 823485.
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, 530 shares of TLL exchange hands on a given day and today's volume is recorded at 0.
Shares of PPL Corporation (PPL) traded higher by 0.84% or $0.23/share to $27.34. In the past year, the shares have traded as low as $24.09 and as high as $29.53. On average, 4486840 shares of PPL exchange hands on a given day and today's volume is recorded at 2662099.
