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Thursday, June 28, 2012

Downward Wedge Patterns Shown in Stocks: (WEN), (SASR), (NRGM), (EXL), (OPNT)

Downward wedge patterns have been noticed on June 28 for the stocks The Wendy's Company, Sandy Spring Bancorp Inc, Inergy Midstream LLC, Excel Trust, 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 The Wendy's Company (WEN) traded higher by 0.78% or $0.03/share to $4.51. In the past year, the shares have traded as low as $4.23 and as high as $5.52. On average, 3407330 shares of WEN exchange hands on a given day and today's volume is recorded at 4020453.

Shares of Sandy Spring Bancorp Inc (SASR) fell by 1.36% or $-0.24/share to $17.45. In the past year, the shares have traded as low as $13.40 and as high as $19.64. On average, 51740 shares of SASR exchange hands on a given day and today's volume is recorded at 54065.

Shares of Inergy Midstream LLC (NRGM) traded higher by 0.59% or $0.12/share to $20.3. In the past year, the shares have traded as low as $15.95 and as high as $22.42. On average, 95170 shares of NRGM exchange hands on a given day and today's volume is recorded at 89991.

Shares of Excel Trust, Inc (EXL) traded higher by 0.17% or $0.02/share to $11.48. In the past year, the shares have traded as low as $8.65 and as high as $12.98. On average, 113410 shares of EXL exchange hands on a given day and today's volume is recorded at 54348.

Shares of OPNET Technologies Inc (OPNT) fell by 4.54% or $-1.19/share to $25.03. In the past year, the shares have traded as low as $21.95 and as high as $47.34. On average, 230180 shares of OPNT exchange hands on a given day and today's volume is recorded at 46974.