Downward wedge patterns have been noticed on July 1 for the stocks Dresser-Rand Group Inc, Moneygram International Inc, The Wendy's Company, Sandy Spring Bancorp Inc, and H&E Equipment Services 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 Dresser-Rand Group Inc (DRC) traded higher by 6.30% or $2.64/share to $44.54. In the past year, the shares have traded as low as $34.68 and as high as $56.53. On average, 754380 shares of DRC exchange hands on a given day and today's volume is recorded at 1035007.
Shares of Moneygram International Inc (MGI) traded higher by 2.17% or $0.31/share to $14.6. In the past year, the shares have traded as low as $13.66 and as high as $29.28. On average, 154510 shares of MGI exchange hands on a given day and today's volume is recorded at 107300.
Shares of The Wendy's Company (WEN) traded higher by 3.28% or $0.15/share to $4.72. In the past year, the shares have traded as low as $4.23 and as high as $5.53. On average, 3468770 shares of WEN exchange hands on a given day and today's volume is recorded at 3425535.
Shares of Sandy Spring Bancorp Inc (SASR) traded higher by 0.28% or $0.05/share to $18.0. In the past year, the shares have traded as low as $13.40 and as high as $19.64. On average, 52010 shares of SASR exchange hands on a given day and today's volume is recorded at 68754.
Shares of H&E Equipment Services Inc (HEES) traded higher by 5.99% or $0.85/share to $15.03. In the past year, the shares have traded as low as $6.80 and as high as $21.00. On average, 254270 shares of HEES exchange hands on a given day and today's volume is recorded at 125567.
