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Monday, September 3, 2012

Alert for Upward Wedge Forming: (IGTE), (AMCC), (KBW), (RECN), (TWI)

Downward wedge patterns have been noticed on September 3 for the stocks iGATE Corporation, Applied Micro Circuits Corp, KBW Inc, Resources Connection Inc, and Titan International 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) traded higher by 0.56% or $0.09/share to $16.11. In the past year, the shares have traded as low as $10.41 and as high as $19.97. On average, 146140 shares of IGTE exchange hands on a given day and today's volume is recorded at 102942.

Shares of Applied Micro Circuits Corp (AMCC) fell by 0.39% or $-0.02/share to $5.11. In the past year, the shares have traded as low as $4.50 and as high as $8.51. On average, 593640 shares of AMCC exchange hands on a given day and today's volume is recorded at 191698.

Shares of KBW Inc (KBW) fell by 1.67% or $-0.26/share to $15.29. In the past year, the shares have traded as low as $12.26 and as high as $19.15. On average, 239320 shares of KBW exchange hands on a given day and today's volume is recorded at 436171.

Shares of Resources Connection Inc (RECN) remained unchanged at $11.18. In the past year, the shares have traded as low as $8.11 and as high as $14.36. On average, 234230 shares of RECN exchange hands on a given day and today's volume is recorded at 139455.

Shares of Titan International Inc (TWI) traded higher by 2.35% or $0.48/share to $20.88. In the past year, the shares have traded as low as $12.97 and as high as $29.95. On average, 688760 shares of TWI exchange hands on a given day and today's volume is recorded at 407199.