Downward wedge patterns have been noticed on July 4 for the stocks Groupon, Inc, The Wendy's Company, Sandy Spring Bancorp Inc, Moneygram International Inc, and Silvercorp Metals Inc. 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 Groupon, Inc (GRPN) fell by 7.57% or $-0.72/share to $8.79. In the past year, the shares have traded as low as $8.80 and as high as $31.14. On average, 5992030 shares of GRPN exchange hands on a given day and today's volume is recorded at 12204101.
Shares of The Wendy's Company (WEN) traded higher by 1.07% or $0.05/share to $4.74. In the past year, the shares have traded as low as $4.23 and as high as $5.53. On average, 3409070 shares of WEN exchange hands on a given day and today's volume is recorded at 1269730.
Shares of Sandy Spring Bancorp Inc (SASR) traded higher by 1.62% or $0.30/share to $18.77. In the past year, the shares have traded as low as $13.40 and as high as $19.64. On average, 52680 shares of SASR exchange hands on a given day and today's volume is recorded at 27948.
Shares of Moneygram International Inc (MGI) traded higher by 0.40% or $0.06/share to $15.08. In the past year, the shares have traded as low as $13.66 and as high as $29.28. On average, 156360 shares of MGI exchange hands on a given day and today's volume is recorded at 42890.
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.
