Downward wedge patterns have been noticed on May 16 for the stocks Bill Barrett Corp, and Tootsie Roll Industries 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 Bill Barrett Corp (BBG) fell by 1.50% or $-0.33/share to $21.69. In the past year, the shares have traded as low as $20.34 and as high as $52.13. On average, 1377840 shares of BBG exchange hands on a given day and today's volume is recorded at 863881.
Shares of Tootsie Roll Industries Inc (TR) traded higher by 0.76% or $0.17/share to $22.55. In the past year, the shares have traded as low as $21.63 and as high as $29.62. On average, 124650 shares of TR exchange hands on a given day and today's volume is recorded at 36736.
