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Tuesday, May 8, 2012

Bullish Wedge Pattern Detected: (PCX)

Downward wedge patterns have been noticed on May 8 for the stocks Patriot Coal Corporation. 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 Patriot Coal Corporation (PCX) traded higher by 2.79% or $0.15/share to $5.53. In the past year, the shares have traded as low as $5.09 and as high as $25.27. On average, 6988370 shares of PCX exchange hands on a given day and today's volume is recorded at 13568682.