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Tuesday, August 21, 2012

Downward Wedge Patterns Shown in Stocks: (BKH), (VALE), (SBH), (AUQ), (ITG)

Downward wedge patterns have been noticed on August 21 for the stocks Black Hills Corporation, Vale S.A, Sally Beauty Holdings Inc, AuRico Gold Inc, and Investment Technology 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 Black Hills Corporation (BKH) traded higher by 0.03% or $0.01/share to $31.42. In the past year, the shares have traded as low as $26.91 and as high as $34.63. On average, 513059 shares of BKH exchange hands on a given day and today's volume is recorded at 772607.

Shares of Vale S.A (VALE) fell by 0.72% or $-0.13/share to $17.85. In the past year, the shares have traded as low as $16.80 and as high as $27.08. On average, 17342370 shares of VALE exchange hands on a given day and today's volume is recorded at 18203960.

Shares of Sally Beauty Holdings Inc (SBH) fell by 0.29% or $-0.08/share to $27.47. In the past year, the shares have traded as low as $14.97 and as high as $28.35. On average, 1656040 shares of SBH exchange hands on a given day and today's volume is recorded at 695339.

Shares of AuRico Gold Inc (AUQ) traded higher by 3.48% or $0.23/share to $6.83. In the past year, the shares have traded as low as $6.06 and as high as $14.17. On average, 2484820 shares of AUQ exchange hands on a given day and today's volume is recorded at 1967974.

Shares of Investment Technology Group Inc (ITG) fell by 0.47% or $-0.04/share to $8.49. In the past year, the shares have traded as low as $7.43 and as high as $12.36. On average, 288600 shares of ITG exchange hands on a given day and today's volume is recorded at 491926.