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Sunday, June 10, 2012

Bullish Wedge Pattern Detected: (AAV), (TLL), (OPNT), (GEL), (TIE)

Downward wedge patterns have been noticed on June 10 for the stocks Advantage Oil & Gas Ltd, ProShares UltraShort Telecommunications, OPNET Technologies Inc, Genesis Energy LP, and Titanium Metals 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 Advantage Oil & Gas Ltd (AAV) fell by 2.45% or $-0.07/share to $2.79. In the past year, the shares have traded as low as $2.51 and as high as $8.19. On average, 351310 shares of AAV exchange hands on a given day and today's volume is recorded at 253949.

Shares of ProShares UltraShort Telecommunications (TLL) remained unchanged at $40.5. In the past year, the shares have traded as low as $35.30 and as high as $56.19. On average, 290 shares of TLL exchange hands on a given day and today's volume is recorded at 0.

Shares of OPNET Technologies Inc (OPNT) traded higher by 0.45% or $0.12/share to $27.02. In the past year, the shares have traded as low as $22.08 and as high as $47.63. On average, 255160 shares of OPNT exchange hands on a given day and today's volume is recorded at 164864.

Shares of Genesis Energy LP (GEL) traded higher by 1.13% or $0.32/share to $28.68. In the past year, the shares have traded as low as $19.91 and as high as $33.33. On average, 270170 shares of GEL exchange hands on a given day and today's volume is recorded at 85013.

Shares of Titanium Metals Corporation (TIE) fell by 0.18% or $-0.02/share to $11.39. In the past year, the shares have traded as low as $10.85 and as high as $18.90. On average, 1822290 shares of TIE exchange hands on a given day and today's volume is recorded at 1645507.