Downward wedge patterns have been noticed on May 21 for the stocks ProShares UltraShort QQQ, and Hecla Mining Co. 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) fell by 4.03% or $-1.48/share to $35.29. In the past year, the shares have traded as low as $29.41 and as high as $63.84. On average, 4967560 shares of QID exchange hands on a given day and today's volume is recorded at 4590694.
Shares of Hecla Mining Co (HL) traded higher by 4.39% or $0.17/share to $4.04. In the past year, the shares have traded as low as $3.70 and as high as $8.60. On average, 5755130 shares of HL exchange hands on a given day and today's volume is recorded at 2480665.
