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Tuesday, July 31, 2012

Bullish Downward Wedge Detected: (BTU), (KOS), (MSI), (INTC), (PBNY)

Downward wedge patterns have been noticed on July 31 for the stocks Peabody Energy Corp, Kosmos Energy Ltd, Motorola Solutions, Inc, Intel Corporation, and Provident New York Bancorp. 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 Peabody Energy Corp (BTU) fell by 0.81% or $-0.17/share to $20.88. In the past year, the shares have traded as low as $18.70 and as high as $58.02. On average, 9142600 shares of BTU exchange hands on a given day and today's volume is recorded at 7745971.

Shares of Kosmos Energy Ltd (KOS) fell by 2.15% or $-0.21/share to $9.54. In the past year, the shares have traded as low as $9.40 and as high as $16.55. On average, 492180 shares of KOS exchange hands on a given day and today's volume is recorded at 138530.

Shares of Motorola Solutions, Inc (MSI) traded higher by 1.30% or $0.62/share to $48.34. In the past year, the shares have traded as low as $37.64 and as high as $52.31. On average, 2233440 shares of MSI exchange hands on a given day and today's volume is recorded at 2122611.

Shares of Intel Corporation (INTC) fell by 0.23% or $-0.06/share to $25.7. In the past year, the shares have traded as low as $18.70 and as high as $29.27. On average, 38115700 shares of INTC exchange hands on a given day and today's volume is recorded at 26248580.

Shares of Provident New York Bancorp (PBNY) traded higher by 1.60% or $0.13/share to $8.26. In the past year, the shares have traded as low as $5.34 and as high as $9.16. On average, 80620 shares of PBNY exchange hands on a given day and today's volume is recorded at 58492.