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Monday, June 4, 2012

Technical Downward Wedge: (GEL), (NUAN), (TIE), (HL), (UAM)

Downward wedge patterns have been noticed on June 4 for the stocks Genesis Energy LP, Nuance Communications, Inc, Titanium Metals Corporation, Hecla Mining Co, and Universal American Corp. 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) fell by 1.09% or $-0.30/share to $27.32. In the past year, the shares have traded as low as $19.91 and as high as $33.33. On average, 266030 shares of GEL exchange hands on a given day and today's volume is recorded at 246267.

Shares of Nuance Communications, Inc (NUAN) fell by 2.70% or $-0.54/share to $19.45. In the past year, the shares have traded as low as $15.56 and as high as $31.15. On average, 4291000 shares of NUAN exchange hands on a given day and today's volume is recorded at 4518217.

Shares of Titanium Metals Corporation (TIE) fell by 0.09% or $-0.01/share to $11.06. In the past year, the shares have traded as low as $11.05 and as high as $18.90. On average, 1840960 shares of TIE exchange hands on a given day and today's volume is recorded at 1721003.

Shares of Hecla Mining Co (HL) traded higher by 1.37% or $0.06/share to $4.45. In the past year, the shares have traded as low as $3.68 and as high as $8.56. On average, 5456360 shares of HL exchange hands on a given day and today's volume is recorded at 3716833.

Shares of Universal American Corp (UAM) traded higher by 1.15% or $0.11/share to $9.71. In the past year, the shares have traded as low as $8.79 and as high as $13.62. On average, 263450 shares of UAM exchange hands on a given day and today's volume is recorded at 126747.