Downward wedge patterns have been noticed on June 3 for the stocks ProShares UltraShort Telecommunications, OPNET Technologies Inc, Tellabs Inc, Patterson-UTI Energy Inc, and NII Holdings 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 ProShares UltraShort Telecommunications (TLL) traded higher by 1.32% or $0.55/share to $42.26. In the past year, the shares have traded as low as $35.15 and as high as $56.19. On average, 510 shares of TLL exchange hands on a given day and today's volume is recorded at 200.
Shares of OPNET Technologies Inc (OPNT) fell by 0.48% or $-0.12/share to $24.85. In the past year, the shares have traded as low as $22.08 and as high as $47.63. On average, 257610 shares of OPNT exchange hands on a given day and today's volume is recorded at 140681.
Shares of Tellabs Inc (TLAB) fell by 2.46% or $-0.09/share to $3.57. In the past year, the shares have traded as low as $3.51 and as high as $4.68. On average, 2225420 shares of TLAB exchange hands on a given day and today's volume is recorded at 1548203.
Shares of Patterson-UTI Energy Inc (PTEN) fell by 2.71% or $-0.41/share to $14.71. In the past year, the shares have traded as low as $14.36 and as high as $33.84. On average, 3667450 shares of PTEN exchange hands on a given day and today's volume is recorded at 3730399.
Shares of NII Holdings Inc (NIHD) fell by 5.21% or $-0.60/share to $10.92. In the past year, the shares have traded as low as $10.33 and as high as $44.00. On average, 3902340 shares of NIHD exchange hands on a given day and today's volume is recorded at 3095347.
