Downward wedge patterns have been noticed on May 2 for the stocks Patriot Coal Corporation, and Etablissements Delhaize Freres et Cie Le Lion S.A. 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 4.44% or $-0.27/share to $5.81. In the past year, the shares have traded as low as $5.42 and as high as $27.12. On average, 7393930 shares of PCX exchange hands on a given day and today's volume is recorded at 3957877.
Shares of Etablissements Delhaize Freres et Cie Le Lion S.A (DEG) fell by 2.84% or $-1.39/share to $47.53. In the past year, the shares have traded as low as $46.90 and as high as $84.84. On average, 38270 shares of DEG exchange hands on a given day and today's volume is recorded at 30519.
