Downward wedge patterns have been noticed on May 24 for the stocks PPL Corporation, Bill Barrett Corp, Tellabs Inc, NII Holdings Inc, and PetroQuest Energy Inc. 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 PPL Corporation (PPL) traded higher by 1.11% or $0.30/share to $27.4. In the past year, the shares have traded as low as $24.09 and as high as $29.53. On average, 4301610 shares of PPL exchange hands on a given day and today's volume is recorded at 5942630.
Shares of Bill Barrett Corp (BBG) fell by 4.92% or $-1.05/share to $20.27. In the past year, the shares have traded as low as $19.45 and as high as $52.13. On average, 1428710 shares of BBG exchange hands on a given day and today's volume is recorded at 963557.
Shares of Tellabs Inc (TLAB) fell by 1.66% or $-0.06/share to $3.55. In the past year, the shares have traded as low as $3.52 and as high as $4.68. On average, 2301630 shares of TLAB exchange hands on a given day and today's volume is recorded at 1537686.
Shares of NII Holdings Inc (NIHD) fell by 0.99% or $-0.11/share to $10.96. In the past year, the shares have traded as low as $10.33 and as high as $44.05. On average, 4042670 shares of NIHD exchange hands on a given day and today's volume is recorded at 3181268.
Shares of PetroQuest Energy Inc (PQ) fell by 2.43% or $-0.12/share to $4.82. In the past year, the shares have traded as low as $4.50 and as high as $8.70. On average, 829320 shares of PQ exchange hands on a given day and today's volume is recorded at 600823.
