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Wednesday, July 4, 2012

Technical Downward Wedge: (SWN), (EXL), (AIMC), (DECK), (HEES)

Downward wedge patterns have been noticed on July 4 for the stocks Southwestern Energy Co, Excel Trust, Inc, Altra Holdings, Inc, Deckers Outdoor Corp, and H&E Equipment Services 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 Southwestern Energy Co (SWN) traded higher by 2.66% or $0.85/share to $32.75. In the past year, the shares have traded as low as $25.63 and as high as $49.25. On average, 6613330 shares of SWN exchange hands on a given day and today's volume is recorded at 2641110.

Shares of Excel Trust, Inc (EXL) traded higher by 0.75% or $0.09/share to $12.1. In the past year, the shares have traded as low as $8.52 and as high as $12.80. On average, 113240 shares of EXL exchange hands on a given day and today's volume is recorded at 50480.

Shares of Altra Holdings, Inc (AIMC) traded higher by 1.05% or $0.17/share to $16.37. In the past year, the shares have traded as low as $10.08 and as high as $25.90. On average, 128770 shares of AIMC exchange hands on a given day and today's volume is recorded at 193990.

Shares of Deckers Outdoor Corp (DECK) traded higher by 1.05% or $0.46/share to $44.18. In the past year, the shares have traded as low as $42.16 and as high as $118.89. On average, 1876430 shares of DECK exchange hands on a given day and today's volume is recorded at 497060.

Shares of H&E Equipment Services Inc (HEES) traded higher by 4.41% or $0.65/share to $15.38. In the past year, the shares have traded as low as $6.80 and as high as $21.00. On average, 252080 shares of HEES exchange hands on a given day and today's volume is recorded at 62853.