Downward wedge patterns have been noticed on May 20 for the stocks ProShares UltraShort Telecommunications, RF Micro Devices Inc, Patriot Coal Corporation, and NuStar GP Holdings, LLC. 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 ProShares UltraShort Telecommunications (TLL) traded higher by 0.47% or $0.20/share to $42.21. In the past year, the shares have traded as low as $35.15 and as high as $56.19. On average, 550 shares of TLL exchange hands on a given day and today's volume is recorded at 100.
Shares of RF Micro Devices Inc (RFMD) fell by 2.45% or $-0.09/share to $3.58. In the past year, the shares have traded as low as $3.66 and as high as $7.89. On average, 3599030 shares of RFMD exchange hands on a given day and today's volume is recorded at 3483600.
Shares of Patriot Coal Corporation (PCX) fell by 6.53% or $-0.23/share to $3.29. In the past year, the shares have traded as low as $3.49 and as high as $24.98. On average, 7461380 shares of PCX exchange hands on a given day and today's volume is recorded at 7138519.
Shares of NuStar GP Holdings, LLC (NSH) fell by 1.58% or $-0.52/share to $32.41. In the past year, the shares have traded as low as $26.69 and as high as $36.19. On average, 63830 shares of NSH exchange hands on a given day and today's volume is recorded at 75019.
