Downward wedge patterns have been noticed on May 7 for the stocks Tellabs Inc, Atmos Energy Corporation, 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 Tellabs Inc (TLAB) fell by 2.00% or $-0.07/share to $3.67. In the past year, the shares have traded as low as $3.63 and as high as $4.76. On average, 2572400 shares of TLAB exchange hands on a given day and today's volume is recorded at 1982471.
Shares of Atmos Energy Corporation (ATO) fell by 0.15% or $-0.05/share to $32.38. In the past year, the shares have traded as low as $27.62 and as high as $34.81. On average, 457240 shares of ATO exchange hands on a given day and today's volume is recorded at 236481.
Shares of Market Vectors Gold Miners ETF (GDX) fell by 1.39% or $-0.61/share to $43.44. In the past year, the shares have traded as low as $43.40 and as high as $66.79. On average, 13031230 shares of GDX exchange hands on a given day and today's volume is recorded at 10394994.
