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Friday, August 24, 2012

Technical Downward Wedge: (RJF), (NXTM), (IBKR), (AMCC), (SIZ)

Downward wedge patterns have been noticed on August 24 for the stocks Raymond James Financial Inc, Nxstage Medical, Inc, Interactive Brokers Group, Inc, Applied Micro Circuits Corp, and QuantShares US Market Neutral Size ETF. 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 Raymond James Financial Inc (RJF) traded higher by 0.37% or $0.13/share to $34.92. In the past year, the shares have traded as low as $22.89 and as high as $37.90. On average, 618860 shares of RJF exchange hands on a given day and today's volume is recorded at 429269.

Shares of Nxstage Medical, Inc (NXTM) fell by 0.87% or $-0.11/share to $12.51. In the past year, the shares have traded as low as $12.13 and as high as $24.06. On average, 434330 shares of NXTM exchange hands on a given day and today's volume is recorded at 214922.

Shares of Interactive Brokers Group, Inc (IBKR) traded higher by 0.66% or $0.09/share to $13.83. In the past year, the shares have traded as low as $12.74 and as high as $17.37. On average, 359240 shares of IBKR exchange hands on a given day and today's volume is recorded at 119694.

Shares of Applied Micro Circuits Corp (AMCC) traded higher by 0.95% or $0.05/share to $5.32. In the past year, the shares have traded as low as $4.50 and as high as $8.51. On average, 637060 shares of AMCC exchange hands on a given day and today's volume is recorded at 203667.

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.