Downward wedge patterns have been noticed on July 8 for the stocks Silvercorp Metals Inc, Sandy Spring Bancorp Inc, Southwestern Energy Co, Moneygram International Inc, and Groupon, 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 Silvercorp Metals Inc (SVM) fell by 4.73% or $-0.28/share to $5.64. In the past year, the shares have traded as low as $4.87 and as high as $11.95. On average, 1427370 shares of SVM exchange hands on a given day and today's volume is recorded at 894231.
Shares of Sandy Spring Bancorp Inc (SASR) traded higher by 0.11% or $0.02/share to $18.52. In the past year, the shares have traded as low as $13.40 and as high as $19.64. On average, 52960 shares of SASR exchange hands on a given day and today's volume is recorded at 21286.
Shares of Southwestern Energy Co (SWN) fell by 0.78% or $-0.25/share to $31.9. In the past year, the shares have traded as low as $25.63 and as high as $49.25. On average, 6597300 shares of SWN exchange hands on a given day and today's volume is recorded at 4596978.
Shares of Moneygram International Inc (MGI) fell by 0.26% or $-0.04/share to $15.46. In the past year, the shares have traded as low as $13.66 and as high as $29.28. On average, 158070 shares of MGI exchange hands on a given day and today's volume is recorded at 71098.
Shares of Groupon, Inc (GRPN) fell by 4.31% or $-0.38/share to $8.44. In the past year, the shares have traded as low as $8.52 and as high as $31.14. On average, 6088760 shares of GRPN exchange hands on a given day and today's volume is recorded at 7314593.
