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Wednesday, June 27, 2012

Technical Downward Wedge: (SPTN), (MGI), (NSANY), (SWN), (WEN)

Downward wedge patterns have been noticed on June 27 for the stocks Spartan Stores Inc, Moneygram International Inc, Nissan Motor Co., Ltd, Southwestern Energy Co, and The Wendy's 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 Spartan Stores Inc (SPTN) traded higher by 0.99% or $0.17/share to $17.37. In the past year, the shares have traded as low as $13.83 and as high as $21.02. On average, 98830 shares of SPTN exchange hands on a given day and today's volume is recorded at 17693.

Shares of Moneygram International Inc (MGI) traded higher by 0.48% or $0.07/share to $14.67. In the past year, the shares have traded as low as $13.66 and as high as $29.28. On average, 154270 shares of MGI exchange hands on a given day and today's volume is recorded at 170324.

Shares of Nissan Motor Co., Ltd (NSANY) traded higher by 0.77% or $0.14/share to $18.3. In the past year, the shares have traded as low as $16.18 and as high as $22.23. On average, 91160 shares of NSANY exchange hands on a given day and today's volume is recorded at 35407.

Shares of Southwestern Energy Co (SWN) traded higher by 5.69% or $1.68/share to $31.21. In the past year, the shares have traded as low as $25.63 and as high as $49.25. On average, 6417710 shares of SWN exchange hands on a given day and today's volume is recorded at 7878236.

Shares of The Wendy's Company (WEN) traded higher by 0.56% or $0.03/share to $4.49. In the past year, the shares have traded as low as $4.24 and as high as $5.54. On average, 3399180 shares of WEN exchange hands on a given day and today's volume is recorded at 2309213.