Downward wedge patterns have been noticed on May 2 for the stocks Public Service Enterprise Group Inc, Tellabs Inc, Bill Barrett Corp, Market Vectors Gold Miners ETF, and Atmos Energy 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 Public Service Enterprise Group Inc (PEG) fell by 0.60% or $-0.19/share to $31.28. In the past year, the shares have traded as low as $27.07 and as high as $34.69. On average, 3516610 shares of PEG exchange hands on a given day and today's volume is recorded at 2524557.
Shares of Tellabs Inc (TLAB) fell by 0.52% or $-0.02/share to $3.8. In the past year, the shares have traded as low as $3.63 and as high as $4.85. On average, 2610270 shares of TLAB exchange hands on a given day and today's volume is recorded at 1003019.
Shares of Bill Barrett Corp (BBG) fell by 4.76% or $-1.16/share to $23.21. In the past year, the shares have traded as low as $20.34 and as high as $52.13. On average, 1273420 shares of BBG exchange hands on a given day and today's volume is recorded at 1176523.
Shares of Market Vectors Gold Miners ETF (GDX) fell by 1.64% or $-0.76/share to $45.68. In the past year, the shares have traded as low as $44.18 and as high as $66.78. On average, 12972520 shares of GDX exchange hands on a given day and today's volume is recorded at 7509517.
Shares of Atmos Energy Corporation (ATO) fell by 1.28% or $-0.42/share to $32.42. In the past year, the shares have traded as low as $27.62 and as high as $34.81. On average, 445630 shares of ATO exchange hands on a given day and today's volume is recorded at 313952.
