Downward wedge patterns have been noticed on June 29 for the stocks Silvercorp Metals Inc, The Wendy's Company, China Eastern Airlines Corp. Ltd, Emergent BioSolutions, Inc, and Moneygram International Inc. 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 Silvercorp Metals Inc (SVM) traded higher by 6.12% or $0.32/share to $5.55. In the past year, the shares have traded as low as $4.87 and as high as $11.95. On average, 1446700 shares of SVM exchange hands on a given day and today's volume is recorded at 948116.
Shares of The Wendy's Company (WEN) traded higher by 3.06% or $0.14/share to $4.71. In the past year, the shares have traded as low as $4.23 and as high as $5.53. On average, 3468770 shares of WEN exchange hands on a given day and today's volume is recorded at 1851645.
Shares of China Eastern Airlines Corp. Ltd (CEA) traded higher by 2.54% or $0.39/share to $15.73. In the past year, the shares have traded as low as $13.25 and as high as $25.92. On average, 58070 shares of CEA exchange hands on a given day and today's volume is recorded at 13194.
Shares of Emergent BioSolutions, Inc (EBS) traded higher by 2.59% or $0.38/share to $15.07. In the past year, the shares have traded as low as $13.30 and as high as $22.84. On average, 167600 shares of EBS exchange hands on a given day and today's volume is recorded at 76499.
Shares of Moneygram International Inc (MGI) traded higher by 2.80% or $0.40/share to $14.69. In the past year, the shares have traded as low as $13.66 and as high as $29.28. On average, 154510 shares of MGI exchange hands on a given day and today's volume is recorded at 46143.
