Downward wedge patterns have been noticed on May 9 for the stocks Bill Barrett Corp, Patriot Coal Corporation, Tellabs Inc, Pitney Bowes Inc, 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 Bill Barrett Corp (BBG) traded higher by 5.66% or $1.29/share to $24.08. In the past year, the shares have traded as low as $20.34 and as high as $52.13. On average, 1326900 shares of BBG exchange hands on a given day and today's volume is recorded at 2054453.
Shares of Patriot Coal Corporation (PCX) fell by 3.89% or $-0.22/share to $5.32. In the past year, the shares have traded as low as $5.09 and as high as $25.30. On average, 7058380 shares of PCX exchange hands on a given day and today's volume is recorded at 10825657.
Shares of Tellabs Inc (TLAB) traded higher by 2.51% or $0.10/share to $3.88. In the past year, the shares have traded as low as $3.63 and as high as $4.76. On average, 2536250 shares of TLAB exchange hands on a given day and today's volume is recorded at 1526818.
Shares of Pitney Bowes Inc (PBI) fell by 4.49% or $-0.72/share to $15.3. In the past year, the shares have traded as low as $15.11 and as high as $23.46. On average, 3303200 shares of PBI exchange hands on a given day and today's volume is recorded at 3235484.
Shares of Market Vectors Gold Miners ETF (GDX) traded higher by 1.94% or $0.82/share to $42.99. In the past year, the shares have traded as low as $41.73 and as high as $66.79. On average, 13336090 shares of GDX exchange hands on a given day and today's volume is recorded at 24419156.
