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Wednesday, July 4, 2012

Bullish Wedge Pattern Detected: (AAV), (CEA), (ALB), (WCC), (OC)

Downward wedge patterns have been noticed on July 4 for the stocks Advantage Oil & Gas Ltd, China Eastern Airlines Corp. Ltd, Albemarle Corp, WESCO International Inc, and Owens Corning. 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 Advantage Oil & Gas Ltd (AAV) traded higher by 6.76% or $0.20/share to $3.16. In the past year, the shares have traded as low as $2.47 and as high as $8.17. On average, 293970 shares of AAV exchange hands on a given day and today's volume is recorded at 204990.

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.

Shares of Albemarle Corp (ALB) traded higher by 2.84% or $1.71/share to $61.9. In the past year, the shares have traded as low as $37.64 and as high as $70.24. On average, 904720 shares of ALB exchange hands on a given day and today's volume is recorded at 318732.

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 329189.

Shares of Owens Corning (OC) traded higher by 1.88% or $0.54/share to $29.27. In the past year, the shares have traded as low as $18.67 and as high as $38.94. On average, 2570610 shares of OC exchange hands on a given day and today's volume is recorded at 1185527.