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Monday, July 2, 2012

Technical Downward Wedge: (DECK), (SASR), (CEA), (SVM), (OPNT)

Downward wedge patterns have been noticed on July 2 for the stocks Deckers Outdoor Corp, Sandy Spring Bancorp Inc, China Eastern Airlines Corp. Ltd, Silvercorp Metals Inc, and OPNET Technologies 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 Deckers Outdoor Corp (DECK) fell by 1.11% or $-0.49/share to $43.52. In the past year, the shares have traded as low as $42.16 and as high as $118.91. On average, 1889120 shares of DECK exchange hands on a given day and today's volume is recorded at 863019.

Shares of Sandy Spring Bancorp Inc (SASR) traded higher by 0.28% or $0.05/share to $18.05. In the past year, the shares have traded as low as $13.40 and as high as $19.64. On average, 52720 shares of SASR exchange hands on a given day and today's volume is recorded at 12008.

Shares of China Eastern Airlines Corp. Ltd (CEA) traded higher by 0.19% or $0.03/share to $16.03. In the past year, the shares have traded as low as $13.25 and as high as $25.92. On average, 56910 shares of CEA exchange hands on a given day and today's volume is recorded at 6696.

Shares of Silvercorp Metals Inc (SVM) traded higher by 0.72% or $0.04/share to $5.57. In the past year, the shares have traded as low as $4.87 and as high as $11.95. On average, 1450820 shares of SVM exchange hands on a given day and today's volume is recorded at 589162.

Shares of OPNET Technologies Inc (OPNT) traded higher by 0.04% or $0.01/share to $26.6. In the past year, the shares have traded as low as $21.95 and as high as $47.34. On average, 227850 shares of OPNT exchange hands on a given day and today's volume is recorded at 42646.