These Stocks are Forming an Falling Wedge (Bullish) on Jan-16



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.

Sumitomo Mitsui Financial Group Inc. (NYSE:SMFG) is currently trading at $5.79. SMFG is trading 4.99% above its 50 day moving average and 0.38% above its 200 day moving average. SMFG is -25.48% below its 52-week high and 13.09% above its 52-week low. SMFG’s PE ratio is 1.68 and their market cap is $40.94B.

Sumitomo Mitsui Financial Group, Inc. is engaged in Banking, Leasing, and the third deals with credit cards, business consulting, membership business, system development, information processing, money collection and venture capital.

Halliburton Company (NYSE:HAL) is currently trading at $33.94. HAL is trading -2.77% below its 50 day moving average and -19.79% below its 200 day moving average. HAL is -40.97% below its 52-week high and 25.06% above its 52-week low. HAL’s PE ratio is 11.47 and their market cap is $31.23B.

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 $45.50. COV is trading 0.83% above its 50 day moving average and -7.61% below its 200 day moving average. COV is -20.37% below its 52-week high and 10.58% above its 52-week low. COV’s PE ratio is 12.04 and their market cap is $21.95B.

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.

The Charles Schwab Corporation (NYSE:SCHW) is currently trading at $12.16. SCHW is trading 3.83% above its 50 day moving average and -13.16% below its 200 day moving average. SCHW is -37.43% below its 52-week high and 15.66% above its 52-week low. SCHW’s PE ratio is 17.88 and their market cap is $15.44B.

The Charles Schwab Corp is a savings and loan holding company, which through its subsidiaries is engaged in securities brokerage, banking and related financial services.

Companhia Siderurgica Nacional (NYSE:SID) is currently trading at $9.18. SID is trading 7.68% above its 50 day moving average and -14.64% below its 200 day moving average. SID is -47.13% below its 52-week high and 29.84% above its 52-week low. SID’s PE ratio is 27.82 and their market cap is $13.38B.

Companhia Siderurgica Nacional is an integrated steel producer in Brazil and in Latin America in terms of crude steel production.

Telefonos de Mexico S.A.B. de C.V. (NYSE:TMX) is currently trading at $14.72. TMX is trading -0.20% below its 50 day moving average and -7.95% below its 200 day moving average. TMX is -20.41% below its 52-week high and 5.96% above its 52-week low. TMX’s PE ratio is 12.91 and their market cap is $13.27B.

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 $5.52. BSX is trading 0.96% above its 50 day moving average and -13.13% below its 200 day moving average. BSX is -30.65% below its 52-week high and 10.18% above its 52-week low. BSX’s PE ratio is 14.92 and their market cap is $8.18B.

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 $14.64. BAK is trading -5.63% below its 50 day moving average and -33.58% below its 200 day moving average. BAK is -54.67% below its 52-week high and 6.47% above its 52-week low. BAK’s PE ratio is 7.96 and their market cap is $5.87B.

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 $32.55. BMC is trading -5.08% below its 50 day moving average and -25.19% below its 200 day moving average. BMC is -42.44% below its 52-week high and 2.94% above its 52-week low. BMC’s PE ratio is 13.29 and their market cap is $5.54B.

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.

National Bank of Greece SA (NYSE:NBG) is currently trading at $1.82. NBG is trading -18.87% below its 50 day moving average and -63.48% below its 200 day moving average. NBG is -84.64% below its 52-week high and 10.98% above its 52-week low.

National Bank of Greece and its subsidiaries are involved in diversified financial services activities including retail and commercial banking, global investment management, investment banking, insurance, investment activities and securities trading.

NRG Energy Inc. (NYSE:NRG) is currently trading at $17.69. NRG is trading -8.63% below its 50 day moving average and -19.70% below its 200 day moving average. NRG is -31.06% below its 52-week high and 2.20% above its 52-week low. NRG’s PE ratio is 15.12 and their market cap is $4.07B.

NRG Energy, Inc. is engaged in the ownership, development, construction & operation of power generation facilities, the transacting in & trading of fuel & transportation services, & the trading of energy, capacity & related products.

Legg Mason Inc. (NYSE:LM) is currently trading at $26.36. LM is trading 5.24% above its 50 day moving average and -9.40% below its 200 day moving average. LM is -29.68% below its 52-week high and 16.96% above its 52-week low. LM’s PE ratio is 15.88 and their market cap is $3.68B.

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 $5.06. AWC is trading -5.36% below its 50 day moving average and -33.11% below its 200 day moving average. AWC is -55.17% below its 52-week high and 13.20% above its 52-week low. AWC’s PE ratio is 50.60 and their market cap is $3.09B.

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 $43.00. SLH’s RSI is currently at 29.61 which indicates that the stock is oversold. SLH is trading -8.28% below its 50 day moving average and -18.66% below its 200 day moving average. SLH is -30.77% below its 52-week high and -0.99% below its 52-week low. SLH’s PE ratio is 19.20 and their market cap is $3.05B.

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 $8.35. PCS is trading -0.14% below its 50 day moving average and -33.33% below its 200 day moving average. PCS is -55.56% below its 52-week high and 11.19% above its 52-week low. PCS’s PE ratio is 13.25 and their market cap is $3.00B.

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.

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Alex Fredricks
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.


Alex Fredricks

About 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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