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Friday, June 29, 2012

Stocks with Downward Wedge Patterns: (AAV), (DRC), (DECK), (GEL), (EXL)

Downward wedge patterns have been noticed on June 29 for the stocks Advantage Oil & Gas Ltd, Dresser-Rand Group Inc, Deckers Outdoor Corp, Genesis Energy LP, and Excel Trust, 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 Advantage Oil & Gas Ltd (AAV) traded higher by 7.39% or $0.21/share to $3.05. In the past year, the shares have traded as low as $2.47 and as high as $8.17. On average, 289830 shares of AAV exchange hands on a given day and today's volume is recorded at 265920.

Shares of Dresser-Rand Group Inc (DRC) traded higher by 5.39% or $2.26/share to $44.16. In the past year, the shares have traded as low as $34.68 and as high as $56.53. On average, 754380 shares of DRC exchange hands on a given day and today's volume is recorded at 624564.

Shares of Deckers Outdoor Corp (DECK) traded higher by 2.20% or $0.95/share to $44.2. In the past year, the shares have traded as low as $42.85 and as high as $118.91. On average, 1896000 shares of DECK exchange hands on a given day and today's volume is recorded at 1328228.

Shares of Genesis Energy LP (GEL) traded higher by 0.83% or $0.24/share to $28.99. In the past year, the shares have traded as low as $19.91 and as high as $33.33. On average, 201440 shares of GEL exchange hands on a given day and today's volume is recorded at 126362.

Shares of Excel Trust, Inc (EXL) traded higher by 2.84% or $0.33/share to $11.94. In the past year, the shares have traded as low as $8.52 and as high as $12.80. On average, 114270 shares of EXL exchange hands on a given day and today's volume is recorded at 64051.