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Thursday, June 7, 2012

Bullish Wedge Pattern Detected: (TR), (FTE), (OPNT), (UAM), (GEL)

Downward wedge patterns have been noticed on June 7 for the stocks Tootsie Roll Industries Inc, France Telecom, OPNET Technologies Inc, Universal American Corp, and Genesis Energy LP. 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 Tootsie Roll Industries Inc (TR) fell by 0.09% or $-0.02/share to $22.52. In the past year, the shares have traded as low as $21.63 and as high as $29.62. On average, 123530 shares of TR exchange hands on a given day and today's volume is recorded at 52069.

Shares of France Telecom (FTE) fell by 1.81% or $-0.22/share to $11.86. In the past year, the shares have traded as low as $11.44 and as high as $18.83. On average, 1966200 shares of FTE exchange hands on a given day and today's volume is recorded at 1898838.

Shares of OPNET Technologies Inc (OPNT) traded higher by 0.79% or $0.21/share to $26.85. In the past year, the shares have traded as low as $22.08 and as high as $47.63. On average, 254170 shares of OPNT exchange hands on a given day and today's volume is recorded at 175550.

Shares of Universal American Corp (UAM) fell by 0.29% or $-0.03/share to $10.23. In the past year, the shares have traded as low as $8.79 and as high as $13.62. On average, 260810 shares of UAM exchange hands on a given day and today's volume is recorded at 175751.

Shares of Genesis Energy LP (GEL) fell by 0.63% or $-0.18/share to $28.3. In the past year, the shares have traded as low as $19.91 and as high as $33.33. On average, 269840 shares of GEL exchange hands on a given day and today's volume is recorded at 123785.