Downward wedge patterns have been noticed on May 31 for the stocks Tellabs Inc, Universal American Corp, Bill Barrett Corp, and Hecla Mining Co. 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) traded higher by 1.96% or $0.07/share to $3.64. In the past year, the shares have traded as low as $3.51 and as high as $4.68. On average, 2231350 shares of TLAB exchange hands on a given day and today's volume is recorded at 849319.
Shares of Universal American Corp (UAM) traded higher by 0.31% or $0.03/share to $9.84. In the past year, the shares have traded as low as $8.79 and as high as $13.62. On average, 264280 shares of UAM exchange hands on a given day and today's volume is recorded at 181475.
Shares of Bill Barrett Corp (BBG) fell by 2.08% or $-0.41/share to $19.32. In the past year, the shares have traded as low as $19.45 and as high as $52.13. On average, 1434450 shares of BBG exchange hands on a given day and today's volume is recorded at 1667786.
Shares of Hecla Mining Co (HL) fell by 2.53% or $-0.11/share to $4.24. In the past year, the shares have traded as low as $3.68 and as high as $8.56. On average, 5443670 shares of HL exchange hands on a given day and today's volume is recorded at 4309724.
