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Tuesday, June 5, 2012

Downward Wedge Patterns Shown in Stocks: (GEL), (UAM), (RFMD), (NUAN), (OPNT)

Downward wedge patterns have been noticed on June 5 for the stocks Genesis Energy LP, Universal American Corp, RF Micro Devices Inc, Nuance Communications, Inc, and OPNET Technologies 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 Genesis Energy LP (GEL) traded higher by 1.94% or $0.53/share to $27.86. In the past year, the shares have traded as low as $19.91 and as high as $33.33. On average, 268420 shares of GEL exchange hands on a given day and today's volume is recorded at 58450.

Shares of Universal American Corp (UAM) traded higher by 0.51% or $0.05/share to $9.82. In the past year, the shares have traded as low as $8.79 and as high as $13.62. On average, 261860 shares of UAM exchange hands on a given day and today's volume is recorded at 74821.

Shares of RF Micro Devices Inc (RFMD) traded higher by 14.92% or $0.53/share to $4.09. In the past year, the shares have traded as low as $3.45 and as high as $7.89. On average, 3701470 shares of RFMD exchange hands on a given day and today's volume is recorded at 5482534.

Shares of Nuance Communications, Inc (NUAN) traded higher by 3.74% or $0.73/share to $20.27. In the past year, the shares have traded as low as $15.56 and as high as $31.15. On average, 4229280 shares of NUAN exchange hands on a given day and today's volume is recorded at 2556523.

Shares of OPNET Technologies Inc (OPNT) traded higher by 1.64% or $0.41/share to $25.36. In the past year, the shares have traded as low as $22.08 and as high as $47.63. On average, 255970 shares of OPNT exchange hands on a given day and today's volume is recorded at 54074.