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Monday, May 28, 2012

Technical Downward Wedge: (SWN), (TIE), (HL), (LTXC), (FTE)

Downward wedge patterns have been noticed on May 28 for the stocks Southwestern Energy Co, Titanium Metals Corporation, Hecla Mining Co, LTX-Credence Corporation, and France Telecom. 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 Southwestern Energy Co (SWN) fell by 0.24% or $-0.07/share to $28.77. In the past year, the shares have traded as low as $27.15 and as high as $49.25. On average, 6374950 shares of SWN exchange hands on a given day and today's volume is recorded at 5297010.

Shares of Titanium Metals Corporation (TIE) fell by 1.81% or $-0.22/share to $11.92. In the past year, the shares have traded as low as $11.78 and as high as $18.90. On average, 1759640 shares of TIE exchange hands on a given day and today's volume is recorded at 1639071.

Shares of Hecla Mining Co (HL) remained unchanged at $4.5. In the past year, the shares have traded as low as $3.70 and as high as $8.60. On average, 5610070 shares of HL exchange hands on a given day and today's volume is recorded at 4238648.

Shares of LTX-Credence Corporation (LTXC) traded higher by 3.54% or $0.23/share to $6.72. In the past year, the shares have traded as low as $4.81 and as high as $9.52. On average, 277750 shares of LTXC exchange hands on a given day and today's volume is recorded at 288063.

Shares of France Telecom (FTE) remained unchanged at $12.98. In the past year, the shares have traded as low as $12.51 and as high as $20.76. On average, 1889670 shares of FTE exchange hands on a given day and today's volume is recorded at 1134018.