Downward wedge patterns have been noticed on May 3 for the stocks Tellabs Inc, Market Vectors Gold Miners ETF, CH Robinson Worldwide Inc, Patriot Coal Corporation, and Aurizon Mines Ltd. 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 1.84% or $-0.07/share to $3.74. In the past year, the shares have traded as low as $3.63 and as high as $4.77. On average, 2579960 shares of TLAB exchange hands on a given day and today's volume is recorded at 1899779.
Shares of Market Vectors Gold Miners ETF (GDX) fell by 3.81% or $-1.74/share to $43.92. In the past year, the shares have traded as low as $44.18 and as high as $66.79. On average, 12964080 shares of GDX exchange hands on a given day and today's volume is recorded at 19065476.
Shares of CH Robinson Worldwide Inc (CHRW) fell by 1.41% or $-0.88/share to $61.42. In the past year, the shares have traded as low as $58.73 and as high as $81.46. On average, 1407870 shares of CHRW exchange hands on a given day and today's volume is recorded at 2232409.
Shares of Patriot Coal Corporation (PCX) fell by 6.08% or $-0.36/share to $5.49. In the past year, the shares have traded as low as $5.42 and as high as $26.13. On average, 7142500 shares of PCX exchange hands on a given day and today's volume is recorded at 6402821.
Shares of Aurizon Mines Ltd (AZK) fell by 2.41% or $-0.13/share to $5.26. In the past year, the shares have traded as low as $4.37 and as high as $7.25. On average, 623420 shares of AZK exchange hands on a given day and today's volume is recorded at 444518.
