Downward wedge patterns have been noticed on September 3 for the stocks Elbit Systems Ltd, Vale S.A, Sally Beauty Holdings Inc, PetroChina Co. Ltd, and Zumiez, 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 Elbit Systems Ltd (ESLT) traded higher by 1.49% or $0.46/share to $31.35. In the past year, the shares have traded as low as $29.57 and as high as $43.64. On average, 6880 shares of ESLT exchange hands on a given day and today's volume is recorded at 10831.
Shares of Vale S.A (VALE) traded higher by 2.06% or $0.33/share to $16.37. In the past year, the shares have traded as low as $15.80 and as high as $27.08. On average, 17157020 shares of VALE exchange hands on a given day and today's volume is recorded at 23113052.
Shares of Sally Beauty Holdings Inc (SBH) fell by 0.15% or $-0.04/share to $27.5. In the past year, the shares have traded as low as $15.93 and as high as $28.35. On average, 1597590 shares of SBH exchange hands on a given day and today's volume is recorded at 1109128.
Shares of PetroChina Co. Ltd (PTR) fell by 1.00% or $-1.22/share to $120.3. In the past year, the shares have traded as low as $109.05 and as high as $150.26. On average, 150640 shares of PTR exchange hands on a given day and today's volume is recorded at 315871.
Shares of Zumiez, Inc (ZUMZ) fell by 9.40% or $-3.03/share to $29.19. In the past year, the shares have traded as low as $15.85 and as high as $41.96. On average, 484110 shares of ZUMZ exchange hands on a given day and today's volume is recorded at 3851034.
