Downward wedge patterns have been noticed on June 6 for the stocks Tellabs Inc, France Telecom, Universal American Corp, Bill Barrett Corp, and Hecla Mining Co. 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 Tellabs Inc (TLAB) traded higher by 1.43% or $0.05/share to $3.55. In the past year, the shares have traded as low as $3.47 and as high as $4.68. On average, 2202380 shares of TLAB exchange hands on a given day and today's volume is recorded at 1037046.
Shares of France Telecom (FTE) traded higher by 2.64% or $0.31/share to $12.04. In the past year, the shares have traded as low as $11.68 and as high as $20.50. On average, 1976440 shares of FTE exchange hands on a given day and today's volume is recorded at 2849431.
Shares of Universal American Corp (UAM) traded higher by 3.67% or $0.36/share to $10.17. In the past year, the shares have traded as low as $8.79 and as high as $13.62. On average, 261690 shares of UAM exchange hands on a given day and today's volume is recorded at 92390.
Shares of Bill Barrett Corp (BBG) traded higher by 0.05% or $0.01/share to $18.24. In the past year, the shares have traded as low as $17.55 and as high as $52.13. On average, 1453080 shares of BBG exchange hands on a given day and today's volume is recorded at 763385.
Shares of Hecla Mining Co (HL) remained unchanged at $4.51. In the past year, the shares have traded as low as $3.68 and as high as $8.56. On average, 5407150 shares of HL exchange hands on a given day and today's volume is recorded at 4248063.
