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Monday, August 6, 2012

Stocks with Downward Wedge Patterns: (SBH), (WAFD), (VRA), (RJF), (INTC)

Downward wedge patterns have been noticed on August 6 for the stocks Sally Beauty Holdings Inc, Washington Federal Inc, Vera Bradley, Inc, Raymond James Financial Inc, and Intel Corporation. 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 Sally Beauty Holdings Inc (SBH) fell by 0.19% or $-0.05/share to $26.67. In the past year, the shares have traded as low as $14.88 and as high as $28.35. On average, 1826650 shares of SBH exchange hands on a given day and today's volume is recorded at 1170864.

Shares of Washington Federal Inc (WAFD) traded higher by 1.01% or $0.16/share to $16.05. In the past year, the shares have traded as low as $11.97 and as high as $18.33. On average, 486850 shares of WAFD exchange hands on a given day and today's volume is recorded at 163224.

Shares of Vera Bradley, Inc (VRA) traded higher by 2.39% or $0.53/share to $22.73. In the past year, the shares have traded as low as $18.91 and as high as $45.91. On average, 870380 shares of VRA exchange hands on a given day and today's volume is recorded at 271475.

Shares of Raymond James Financial Inc (RJF) traded higher by 0.09% or $0.03/share to $33.62. In the past year, the shares have traded as low as $22.89 and as high as $37.90. On average, 653410 shares of RJF exchange hands on a given day and today's volume is recorded at 514716.

Shares of Intel Corporation (INTC) traded higher by 0.30% or $0.08/share to $26.31. In the past year, the shares have traded as low as $18.54 and as high as $29.01. On average, 37478980 shares of INTC exchange hands on a given day and today's volume is recorded at 24608976.