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Wednesday, September 19, 2012

Bullish Wedge Pattern Detected: (TSL), (CHN), (TWI), (ESLT), (PPO)

Downward wedge patterns have been noticed on September 19 for the stocks Trina Solar Limited, The China Fund, Inc, Titan International Inc, Elbit Systems Ltd, and Polypore 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 Trina Solar Limited (TSL) traded higher by 1.35% or $0.06/share to $4.5. In the past year, the shares have traded as low as $3.95 and as high as $12.19. On average, 1452830 shares of TSL exchange hands on a given day and today's volume is recorded at 757312.

Shares of The China Fund, Inc (CHN) traded higher by 0.07% or $0.02/share to $22.36. In the past year, the shares have traded as low as $18.80 and as high as $23.64. On average, 92900 shares of CHN exchange hands on a given day and today's volume is recorded at 42397.

Shares of Titan International Inc (TWI) fell by 0.87% or $-0.17/share to $19.28. In the past year, the shares have traded as low as $12.97 and as high as $29.95. On average, 728010 shares of TWI exchange hands on a given day and today's volume is recorded at 489721.

Shares of Elbit Systems Ltd (ESLT) fell by 1.52% or $-0.51/share to $32.99. In the past year, the shares have traded as low as $29.57 and as high as $43.64. On average, 8550 shares of ESLT exchange hands on a given day and today's volume is recorded at 15410.

Shares of Polypore International Inc (PPO) traded higher by 1.20% or $0.42/share to $35.51. In the past year, the shares have traded as low as $30.39 and as high as $69.74. On average, 836390 shares of PPO exchange hands on a given day and today's volume is recorded at 468480.