Downward wedge patterns have been noticed on May 13 for the stocks Patriot Coal Corporation, RF Micro Devices Inc, Pitney Bowes Inc, Market Vectors Gold Miners ETF, and Tellabs 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 Patriot Coal Corporation (PCX) fell by 4.04% or $-0.21/share to $4.99. In the past year, the shares have traded as low as $5.05 and as high as $24.99. On average, 7163570 shares of PCX exchange hands on a given day and today's volume is recorded at 5658822.
Shares of RF Micro Devices Inc (RFMD) traded higher by 1.01% or $0.04/share to $4.01. In the past year, the shares have traded as low as $3.86 and as high as $7.89. On average, 3791560 shares of RFMD exchange hands on a given day and today's volume is recorded at 2044868.
Shares of Pitney Bowes Inc (PBI) fell by 1.58% or $-0.24/share to $14.93. In the past year, the shares have traded as low as $14.76 and as high as $22.91. On average, 3219750 shares of PBI exchange hands on a given day and today's volume is recorded at 3093609.
Shares of Market Vectors Gold Miners ETF (GDX) fell by 1.55% or $-0.67/share to $42.42. In the past year, the shares have traded as low as $41.10 and as high as $66.78. On average, 13807850 shares of GDX exchange hands on a given day and today's volume is recorded at 12632181.
Shares of Tellabs Inc (TLAB) fell by 1.58% or $-0.06/share to $3.73. In the past year, the shares have traded as low as $3.61 and as high as $4.72. On average, 2452880 shares of TLAB exchange hands on a given day and today's volume is recorded at 1636958.
