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Monday, August 6, 2012

Downward Wedge Patterns Shown in Stocks: (WX), (MCRL), (BKH), (WEN), (RTI)

Downward wedge patterns have been noticed on August 6 for the stocks WuXi PharmaTech (Cayman) Inc, Micrel Inc, Black Hills Corporation, The Wendy's Company, and RTI International Metals, 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 WuXi PharmaTech (Cayman) Inc (WX) traded higher by 0.86% or $0.12/share to $14.08. In the past year, the shares have traded as low as $10.65 and as high as $15.60. On average, 252590 shares of WX exchange hands on a given day and today's volume is recorded at 317250.

Shares of Micrel Inc (MCRL) traded higher by 1.92% or $0.18/share to $9.57. In the past year, the shares have traded as low as $8.72 and as high as $12.70. On average, 294820 shares of MCRL exchange hands on a given day and today's volume is recorded at 267152.

Shares of Black Hills Corporation (BKH) traded higher by 0.57% or $0.18/share to $31.89. In the past year, the shares have traded as low as $24.68 and as high as $35.04. On average, 469990 shares of BKH exchange hands on a given day and today's volume is recorded at 210987.

Shares of The Wendy's Company (WEN) traded higher by 1.11% or $0.05/share to $4.54. In the past year, the shares have traded as low as $4.23 and as high as $5.51. On average, 2871190 shares of WEN exchange hands on a given day and today's volume is recorded at 1695654.

Shares of RTI International Metals, Inc (RTI) fell by 0.98% or $-0.24/share to $24.23. In the past year, the shares have traded as low as $20.07 and as high as $29.75. On average, 454610 shares of RTI exchange hands on a given day and today's volume is recorded at 523233.