A downward wedge has formed in the following stocks.This is a bullish pattern found when the price moves lower but the trading range narrows.
Halliburton Company (NYSE:HAL) is currently trading at $36.20. HAL is trading 4.25% above its 50 day moving average and -13.73% below its 200 day moving average. HAL is -37.04% below its 52-week high and 33.39% above its 52-week low. HAL’s PE ratio is 12.23 and their market cap is $33.31B.
Halliburton Company provides services and products for the exploration, development, and production of oil and natural gas around the world. It operates in two segments: Completion and Production segment and the Drilling and Evalution segment.
Covidien plc (NYSE:COV) is currently trading at $48.04. COV is trading 6.23% above its 50 day moving average and -2.20% below its 200 day moving average. COV is -15.92% below its 52-week high and 16.75% above its 52-week low. COV’s PE ratio is 12.71 and their market cap is $23.18B.
Covidien PLC is engaged in the development, manufacture and sale of healthcare products for use in clinical and home settings. It operates its businesses through three segments: Medical Devices, Pharmaceuticals and Medical Supplies.
Telefonos de Mexico S.A.B. de C.V. (NYSE:TMX) is currently trading at $15.24. TMX is trading 3.51% above its 50 day moving average and -4.31% below its 200 day moving average. TMX is -17.60% below its 52-week high and 9.71% above its 52-week low. TMX’s PE ratio is 13.14 and their market cap is $13.74B.
Telefonoes de Mexico S.A.B. de. C.V owns & operates fixed-line telecommunications system in Mexico. It also provides other telecommunications and telecommunications-related services.
Boston Scientific Corporation (NYSE:BSX) is currently trading at $5.98. BSX’s RSI is currently at 75.51 which indicates that the stock is overbought. BSX is trading 9.41% above its 50 day moving average and -5.33% below its 200 day moving average. BSX is -24.87% below its 52-week high and 19.36% above its 52-week low. BSX’s PE ratio is 16.16 and their market cap is $8.86B.
Boston Scientific, Inc.is the manufacturer and marketer of medical devices, used in interventional cardiology, cardiac rhythm management, peripheral interventions, electrophysiology, neurovascular intervention, endoscopy, gynecology and neuromodulation.
Braskem S.A. (NYSE:BAK) is currently trading at $16.60. BAK is trading 8.43% above its 50 day moving average and -23.77% below its 200 day moving average. BAK is -48.61% below its 52-week high and 20.73% above its 52-week low. BAK’s PE ratio is 8.88 and their market cap is $6.65B.
The Company and its subsidiaries, including its jointly-controlled companies operate as an integrated petrochemical cracker and thermoplastics producer in Brazil.
BMC Software Inc. (NYSE:BMC) is currently trading at $34.01. BMC is trading -0.16% below its 50 day moving average and -21.06% below its 200 day moving average. BMC is -39.86% below its 52-week high and 7.56% above its 52-week low. BMC’s PE ratio is 13.88 and their market cap is $5.79B.
BMC Software, Inc. operates as a software vendor. Its extensive portfolio of software solutions spans mainframe, distributed and virtualized systems, applications, databases and IT process management functions.
Legg Mason Inc. (NYSE:LM) is currently trading at $27.50. LM is trading 9.60% above its 50 day moving average and -4.74% below its 200 day moving average. LM is -26.64% below its 52-week high and 22.02% above its 52-week low. LM’s PE ratio is 16.57 and their market cap is $3.84B.
Legg Mason, Inc. is a global asset management company. Acting through its subsidiaries, it provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other pooled investment vehicles.
Alumina Ltd. (NYSE:AWC) is currently trading at $5.48. AWC is trading 4.19% above its 50 day moving average and -26.35% below its 200 day moving average. AWC is -51.45% below its 52-week high and 22.60% above its 52-week low. AWC’s PE ratio is 54.80 and their market cap is $3.34B.
Alumina Limited is engaged in bauxite mining and alumina refining, with some minor alumina based chemicals businesses, aluminium smelting and the marketing of those products.
Solera Holdings Inc. (NYSE:SLH) is currently trading at $45.89. SLH is trading -0.30% below its 50 day moving average and -12.91% below its 200 day moving average. SLH is -26.11% below its 52-week high and 7.45% above its 52-week low. SLH’s PE ratio is 20.49 and their market cap is $3.25B.
Solera Holdings, Inc. is a global provider of software and services to the automobile insurance claims processing industry.
MetroPCS Communications Inc. (NYSE:PCS) is currently trading at $8.72. PCS is trading 4.29% above its 50 day moving average and -29.27% below its 200 day moving average. PCS is -53.59% below its 52-week high and 16.11% above its 52-week low. PCS’s PE ratio is 13.84 and their market cap is $3.13B.
MetroPCS Communications, Inc. is a wireless communications provider that offers wireless broadband mobile services under the MetroPCS brand in selected major metropolitan areas in the United States.
Pan American Silver Corp. (NASDAQ:PAAS) is currently trading at $24.72. PAAS is trading 3.63% above its 50 day moving average and -16.57% below its 200 day moving average. PAAS is -42.44% below its 52-week high and 24.03% above its 52-week low. PAAS’s PE ratio is 10.56 and their market cap is $2.58B.
Pan American Silver Corporation is engaged in silver mining and related activities, including exploration, mine development, extraction, processing, refining and reclamation.
Acme Packet Inc. (NASDAQ:APKT) is currently trading at $30.74. APKT is trading -5.65% below its 50 day moving average and -40.98% below its 200 day moving average. APKT is -63.62% below its 52-week high and 21.98% above its 52-week low. APKT’s PE ratio is 43.30 and their market cap is $2.06B.
Acme Packet, Inc. provides session delivery networks, enables secure, reliable delivery of next-generation voice, video and unified communications over IP networks.
Unit Corp. (NYSE:UNT) is currently trading at $42.35. UNT is trading -10.90% below its 50 day moving average and -17.20% below its 200 day moving average. UNT is -33.63% below its 52-week high and 26.19% above its 52-week low. UNT’s PE ratio is 10.80 and their market cap is $2.04B.
Unit Corporation is engaged in the land contract drilling of natural gas and oil wells, the exploration, development, acquisition and production of oil and natural gas properties and the buying, selling, gathering, processing and treating of natural gas.
Qihoo 360 Technology Co. Ltd (NYSE:QIHU) is currently trading at $17.50. QIHU is trading 3.04% above its 50 day moving average and -17.18% below its 200 day moving average. QIHU is -51.67% below its 52-week high and 27.64% above its 52-week low.
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Post Written By: Alex Fredricks
Alex Fredricks has a degree in business and is an avid day-trader. Alex's experience and love for the game of the markets is shown not only in his posts, but the post he helps edit for other authors on our staff.
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