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Wednesday, August 22, 2012

Bullish Downward Wedge Detected: (IGTE), (NXTM), (SIZ), (SBH), (IBKR)

Downward wedge patterns have been noticed on August 22 for the stocks iGATE Corporation, Nxstage Medical, Inc, QuantShares US Market Neutral Size ETF, Sally Beauty Holdings Inc, and Interactive Brokers Group, 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 iGATE Corporation (IGTE) fell by 2.85% or $-0.47/share to $16.01. In the past year, the shares have traded as low as $9.32 and as high as $19.97. On average, 152380 shares of IGTE exchange hands on a given day and today's volume is recorded at 108706.

Shares of Nxstage Medical, Inc (NXTM) traded higher by 0.72% or $0.09/share to $12.62. In the past year, the shares have traded as low as $12.52 and as high as $24.06. On average, 439830 shares of NXTM exchange hands on a given day and today's volume is recorded at 712804.

Shares of QuantShares US Market Neutral Size ETF (SIZ) remained unchanged at $24.51. In the past year, the shares have traded as low as $23.90 and as high as $27.14. On average, 260 shares of SIZ exchange hands on a given day and today's volume is recorded at 0.

Shares of Sally Beauty Holdings Inc (SBH) fell by 0.62% or $-0.17/share to $27.3. In the past year, the shares have traded as low as $14.97 and as high as $28.35. On average, 1640770 shares of SBH exchange hands on a given day and today's volume is recorded at 725759.

Shares of Interactive Brokers Group, Inc (IBKR) fell by 0.65% or $-0.09/share to $13.66. In the past year, the shares have traded as low as $12.74 and as high as $17.37. On average, 360180 shares of IBKR exchange hands on a given day and today's volume is recorded at 824532.