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Monday, June 4, 2012

Bullish Downward Wedge Detected: (BBG), (TR), (KMR), (FTE), (PPL)

Downward wedge patterns have been noticed on June 4 for the stocks Bill Barrett Corp, Tootsie Roll Industries Inc, Kinder Morgan Management LLC, France Telecom, and PPL Corporation. 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 Bill Barrett Corp (BBG) fell by 0.83% or $-0.15/share to $17.94. In the past year, the shares have traded as low as $18.04 and as high as $52.14. On average, 1453510 shares of BBG exchange hands on a given day and today's volume is recorded at 1489087.

Shares of Tootsie Roll Industries Inc (TR) traded higher by 0.68% or $0.15/share to $22.11. In the past year, the shares have traded as low as $21.63 and as high as $29.62. On average, 124650 shares of TR exchange hands on a given day and today's volume is recorded at 82958.

Shares of Kinder Morgan Management LLC (KMR) fell by 1.44% or $-1.01/share to $68.89. In the past year, the shares have traded as low as $54.07 and as high as $81.92. On average, 360420 shares of KMR exchange hands on a given day and today's volume is recorded at 500488.

Shares of France Telecom (FTE) traded higher by 2.37% or $0.30/share to $12.9. In the past year, the shares have traded as low as $12.46 and as high as $20.50. On average, 1913170 shares of FTE exchange hands on a given day and today's volume is recorded at 2673359.

Shares of PPL Corporation (PPL) fell by 0.07% or $-0.02/share to $27.45. In the past year, the shares have traded as low as $24.09 and as high as $29.53. On average, 4778330 shares of PPL exchange hands on a given day and today's volume is recorded at 4045595.