Downward wedge patterns have been noticed on July 1 for the stocks Deckers Outdoor Corp, Excel Trust, Inc, Silvercorp Metals Inc, Cubist Pharmaceuticals 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 Deckers Outdoor Corp (DECK) traded higher by 1.76% or $0.76/share to $44.01. In the past year, the shares have traded as low as $42.85 and as high as $118.91. On average, 1896000 shares of DECK exchange hands on a given day and today's volume is recorded at 1701160.
Shares of Excel Trust, Inc (EXL) traded higher by 3.01% or $0.35/share to $11.96. In the past year, the shares have traded as low as $8.52 and as high as $12.80. On average, 114270 shares of EXL exchange hands on a given day and today's volume is recorded at 133734.
Shares of Silvercorp Metals Inc (SVM) traded higher by 5.74% or $0.30/share to $5.53. In the past year, the shares have traded as low as $4.87 and as high as $11.95. On average, 1446700 shares of SVM exchange hands on a given day and today's volume is recorded at 1308660.
Shares of Cubist Pharmaceuticals Inc (CBST) traded higher by 0.32% or $0.12/share to $37.91. In the past year, the shares have traded as low as $28.82 and as high as $44.95. On average, 779260 shares of CBST exchange hands on a given day and today's volume is recorded at 1362683.
Shares of China Eastern Airlines Corp. Ltd (CEA) traded higher by 4.30% or $0.66/share to $16.0. In the past year, the shares have traded as low as $13.25 and as high as $25.92. On average, 58070 shares of CEA exchange hands on a given day and today's volume is recorded at 38349.
