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Wednesday, June 6, 2012

Technical Downward Wedge: (NIHD), (OPNT), (NUAN), (TIE), (KCLI)

Downward wedge patterns have been noticed on June 6 for the stocks NII Holdings Inc, OPNET Technologies Inc, Nuance Communications, Inc, Titanium Metals Corporation, 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 NII Holdings Inc (NIHD) traded higher by 1.87% or $0.21/share to $11.54. In the past year, the shares have traded as low as $10.33 and as high as $44.00. On average, 3867280 shares of NIHD exchange hands on a given day and today's volume is recorded at 1524600.

Shares of OPNET Technologies Inc (OPNT) traded higher by 2.87% or $0.73/share to $26.19. In the past year, the shares have traded as low as $22.08 and as high as $47.63. On average, 255080 shares of OPNT exchange hands on a given day and today's volume is recorded at 84566.

Shares of Nuance Communications, Inc (NUAN) traded higher by 4.15% or $0.84/share to $21.08. In the past year, the shares have traded as low as $15.56 and as high as $31.15. On average, 4196670 shares of NUAN exchange hands on a given day and today's volume is recorded at 2684479.

Shares of Titanium Metals Corporation (TIE) traded higher by 1.24% or $0.14/share to $11.47. In the past year, the shares have traded as low as $10.85 and as high as $18.90. On average, 1821330 shares of TIE exchange hands on a given day and today's volume is recorded at 998076.

Shares of Kansas City Life Insurance Company (KCLI) traded higher by 1.49% or $0.47/share to $31.98. In the past year, the shares have traded as low as $27.32 and as high as $35.21. On average, 9740 shares of KCLI exchange hands on a given day and today's volume is recorded at 10132.