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Thursday, June 7, 2012

Technical Downward Wedge: (HL), (FF), (KMR), (NIHD), (KCLI)

Downward wedge patterns have been noticed on June 7 for the stocks Hecla Mining Co, FutureFuel Corp, Kinder Morgan Management LLC, NII Holdings Inc, and Kansas City Life Insurance Company. 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 Hecla Mining Co (HL) fell by 3.43% or $-0.16/share to $4.5. In the past year, the shares have traded as low as $3.68 and as high as $8.56. On average, 5370500 shares of HL exchange hands on a given day and today's volume is recorded at 5187157.

Shares of FutureFuel Corp (FF) traded higher by 1.74% or $0.17/share to $9.94. In the past year, the shares have traded as low as $9.01 and as high as $12.89. On average, 41530 shares of FF exchange hands on a given day and today's volume is recorded at 25162.

Shares of Kinder Morgan Management LLC (KMR) traded higher by 0.63% or $0.44/share to $70.45. In the past year, the shares have traded as low as $54.07 and as high as $81.93. On average, 378010 shares of KMR exchange hands on a given day and today's volume is recorded at 279651.

Shares of NII Holdings Inc (NIHD) fell by 6.00% or $-0.70/share to $10.97. In the past year, the shares have traded as low as $10.33 and as high as $44.00. On average, 3842820 shares of NIHD exchange hands on a given day and today's volume is recorded at 2415534.

Shares of Kansas City Life Insurance Company (KCLI) fell by 1.20% or $-0.39/share to $32.24. In the past year, the shares have traded as low as $27.32 and as high as $35.21. On average, 9920 shares of KCLI exchange hands on a given day and today's volume is recorded at 29091.