Downward wedge patterns have been noticed on July 3 for the stocks Silvercorp Metals Inc, Altra Holdings, Inc, Genesis Energy LP, WESCO International Inc, and China Eastern Airlines Corp. Ltd. 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 Silvercorp Metals Inc (SVM) traded higher by 3.96% or $0.22/share to $5.78. In the past year, the shares have traded as low as $4.87 and as high as $11.94. On average, 1427110 shares of SVM exchange hands on a given day and today's volume is recorded at 688606.
Shares of Altra Holdings, Inc (AIMC) traded higher by 1.05% or $0.17/share to $16.37. In the past year, the shares have traded as low as $10.08 and as high as $25.90. On average, 128770 shares of AIMC exchange hands on a given day and today's volume is recorded at 193990.
Shares of Genesis Energy LP (GEL) fell by 0.31% or $-0.09/share to $29.15. In the past year, the shares have traded as low as $19.91 and as high as $33.33. On average, 200990 shares of GEL exchange hands on a given day and today's volume is recorded at 125623.
Shares of WESCO International Inc (WCC) traded higher by 4.18% or $2.43/share to $60.5. In the past year, the shares have traded as low as $31.08 and as high as $68.19. On average, 718400 shares of WCC exchange hands on a given day and today's volume is recorded at 327109.
Shares of China Eastern Airlines Corp. Ltd (CEA) traded higher by 1.07% or $0.17/share to $16.12. In the past year, the shares have traded as low as $13.25 and as high as $25.92. On average, 56390 shares of CEA exchange hands on a given day and today's volume is recorded at 12684.
