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Monday, July 2, 2012

Bullish Downward Wedge Detected: (KMI), (AAV), (EXL), (MGI), (GEL)

Downward wedge patterns have been noticed on July 2 for the stocks Kinder Morgan, Inc, Advantage Oil & Gas Ltd, Excel Trust, Inc, Moneygram International Inc, and Genesis Energy LP. 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 Kinder Morgan, Inc (KMI) traded higher by 1.58% or $0.51/share to $32.73. In the past year, the shares have traded as low as $22.85 and as high as $39.90. On average, 6530300 shares of KMI exchange hands on a given day and today's volume is recorded at 3784323.

Shares of Advantage Oil & Gas Ltd (AAV) fell by 1.35% or $-0.04/share to $2.93. In the past year, the shares have traded as low as $2.47 and as high as $8.17. On average, 290800 shares of AAV exchange hands on a given day and today's volume is recorded at 342009.

Shares of Excel Trust, Inc (EXL) remained unchanged at $11.96. In the past year, the shares have traded as low as $8.52 and as high as $12.80. On average, 114380 shares of EXL exchange hands on a given day and today's volume is recorded at 36578.

Shares of Moneygram International Inc (MGI) traded higher by 2.26% or $0.33/share to $14.93. In the past year, the shares have traded as low as $13.66 and as high as $29.28. On average, 155020 shares of MGI exchange hands on a given day and today's volume is recorded at 95850.

Shares of Genesis Energy LP (GEL) traded higher by 0.41% or $0.12/share to $29.19. In the past year, the shares have traded as low as $19.91 and as high as $33.33. On average, 200880 shares of GEL exchange hands on a given day and today's volume is recorded at 92539.