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Wednesday, June 27, 2012

Downward Wedge Patterns Shown in Stocks: (NRGM), (BBG), (CBST), (SASR), (RTI)

Downward wedge patterns have been noticed on June 27 for the stocks Inergy Midstream LLC, Bill Barrett Corp, Cubist Pharmaceuticals Inc, Sandy Spring Bancorp Inc, and RTI International Metals, 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 Inergy Midstream LLC (NRGM) traded higher by 0.30% or $0.06/share to $20.25. In the past year, the shares have traded as low as $15.95 and as high as $22.42. On average, 92900 shares of NRGM exchange hands on a given day and today's volume is recorded at 181595.

Shares of Bill Barrett Corp (BBG) traded higher by 10.62% or $1.90/share to $19.75. In the past year, the shares have traded as low as $15.42 and as high as $52.14. On average, 1603160 shares of BBG exchange hands on a given day and today's volume is recorded at 3281435.

Shares of Cubist Pharmaceuticals Inc (CBST) traded higher by 0.73% or $0.28/share to $38.7. In the past year, the shares have traded as low as $28.82 and as high as $44.95. On average, 770120 shares of CBST exchange hands on a given day and today's volume is recorded at 732312.

Shares of Sandy Spring Bancorp Inc (SASR) traded higher by 2.41% or $0.42/share to $17.65. In the past year, the shares have traded as low as $13.40 and as high as $19.64. On average, 51800 shares of SASR exchange hands on a given day and today's volume is recorded at 19303.

Shares of RTI International Metals, Inc (RTI) traded higher by 2.41% or $0.51/share to $21.7. In the past year, the shares have traded as low as $20.07 and as high as $38.96. On average, 502800 shares of RTI exchange hands on a given day and today's volume is recorded at 406660.