Stock Market Watch

These Stocks are Forming a Falling Wedge (Bullish) on Apr-12

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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.

Barrick Gold Corporation (NYSE:ABX) is currently trading at $42.20 up 2.83% in today’s trading. ABX is trading -8.10% below its 50 day moving average and -11.69% below its 200 day moving average. ABX is -24.11% below its 52-week high and 4.43% above its 52-week low. ABX’s PE ratio is 9.42 and their market cap is $42.22B.

Barrick Gold Corporation is engaged in the production and sale of gold, as well as related activities such as exploration and mine development.


France Telecom (NYSE:FTE) is currently trading at $13.74 down -0.51% in today’s trading. FTE is trading -8.37% below its 50 day moving average and -17.35% below its 200 day moving average. FTE is -35.94% below its 52-week high and 0.44% above its 52-week low. FTE’s PE ratio is 7.23 and their market cap is $36.40B.

France Telecom SA provides telecommunications services to residential, professional, and large business customers. Company offers public fixed-line telephone, leased lines and data transmission, mobile telecommunications, cable television, Internet etc.

Public Service Enterprise Group Inc. (NYSE:PEG) is currently trading at $29.41 up 0.17% in today’s trading. PEG is trading -2.57% below its 50 day moving average and -6.09% below its 200 day moving average. PEG is -15.23% below its 52-week high and 8.65% above its 52-week low. PEG’s PE ratio is 10.58 and their market cap is $14.88B.

Public Service Enterprise Group is an energy company, whose business consists of four segments, which are Power, PSE&G and the two direct subsidiaries of Energy Holdings L.L.C., PSEG Global L.L.C. and PSEG Resources L.L.C.

Kinross Gold Corporation (NYSE:KGC) is currently trading at $9.52 up 3.59% in today’s trading. KGC is trading -8.84% below its 50 day moving average and -29.44% below its 200 day moving average. KGC is -47.26% below its 52-week high and 4.50% above its 52-week low.

Kinross Gold Corporation is mainly engaged in the mining and processing of gold and, as a by-product, silver ore and the exploration for, and the acquisition of, gold bearing properties in the Americas, the Russian Federation and worldwide.

Market Vectors Gold Miners ETF (NYSE:GDX) is currently trading at $48.15 up 3.58% in today’s trading. GDX is trading -8.40% below its 50 day moving average and -14.45% below its 200 day moving average. GDX is -27.90% below its 52-week high and 4.73% above its 52-week low.

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the NYSE Arca Gold Miners Index. The fund generally normally invests at least 80% of its total assets in common stocks and American depos

Etablissements Delhaize Freres et Cie Le Lion S.A. (NYSE:DEG) is currently trading at $49.06 up 0.41% in today’s trading. DEG is trading -8.91% below its 50 day moving average and -18.83% below its 200 day moving average. DEG is -43.09% below its 52-week high and 1.18% above its 52-week low. DEG’s PE ratio is 8.02 and their market cap is $5.00B.

Delhaize Group operates food supermarkets in North America, Europe and southeast Asia. It also engages in food wholesaling to affiliated stores in its sales network; and in retailing of non-food products, such as pet products.

Atmos Energy Corporation (NYSE:ATO) is currently trading at $31.12 up 0.68% in today’s trading. ATO is trading -0.64% below its 50 day moving average and -3.09% below its 200 day moving average. ATO is -10.59% below its 52-week high and 12.68% above its 52-week low. ATO’s PE ratio is 14.82 and their market cap is $2.81B.

Atmos Energy Corp. is engaged in the regulated natural gas distribution and transmission and storage businesses as well as other nonregulated natural gas businesses.

Aurizon Mines Ltd. (NYSE:AZK) is currently trading at $4.78 up 2.36% in today’s trading. AZK is trading -5.07% below its 50 day moving average and -14.55% below its 200 day moving average. AZK is -34.07% below its 52-week high and 9.38% above its 52-week low. AZK’s PE ratio is 17.70 and their market cap is $780.48M.

The Company is a gold producer with a growth strategy focused on developing its existing projects in the Abitibi region of north-western Quebec.

Patriot Coal Corporation (NYSE:PCX) is currently trading at $6.21 up 8.00% in today’s trading. PCX is trading -13.38% below its 50 day moving average and -45.16% below its 200 day moving average. PCX is -77.10% below its 52-week high and 14.58% above its 52-week low.

The Company is a producer of coal in the eastern United States, with operations and coal reserves in Appalachia and the Illinois Basin.

Atlantic Tele-Network Inc. (NASDAQ:ATNI) is currently trading at $34.22 up 0.59% in today’s trading. ATNI is trading -8.74% below its 50 day moving average and -5.46% below its 200 day moving average. ATNI is -19.04% below its 52-week high and 24.95% above its 52-week low. ATNI’s PE ratio is 24.27 and their market cap is $528.70M.

Atlantic Tele-Network, Inc. provides wireless and wireline telecommunication services in the Caribbean and North America through its subsidiaries.

PIMCO Municipal Income Fund (NYSE:PMF) is currently trading at $14.93 up 0.00% in today’s trading. PMF is trading 2.09% above its 50 day moving average and 9.93% above its 200 day moving average. PMF is -1.90% below its 52-week high and 28.79% above its 52-week low. PMF’s PE ratio is 30.47 and their market cap is $376.68M.

Primary investments (at least 90%) are municipal fixed-income securities, the interest from which is exempt from federal income tax. At least 80% of the bonds are investment grade. The Fund will seek to avoid bonds generating interest potentially subjectin

California First National Bancorp (NASDAQ:CFNB) is currently trading at $15.69 up 0.00% in today’s trading. CFNB is trading 1.81% above its 50 day moving average and 2.19% above its 200 day moving average. CFNB is -7.16% below its 52-week high and 15.56% above its 52-week low. CFNB’s PE ratio is 15.23 and their market cap is $163.49M.

California First National Bancorp is a bank holding company with a leasing subsidiary, California First Leasing Corp and a bank subsidiary, California First National Bank. It focuses on leasing and financing capital assets.

Overstock.com Inc. (NASDAQ:OSTK) is currently trading at $5.14 down -0.19% in today’s trading. OSTK is trading -14.83% below its 50 day moving average and -42.62% below its 200 day moving average. OSTK is -67.73% below its 52-week high and 3.42% above its 52-week low.

Overstock.com, Inc. is an online retailer offering closeout and discount brand and non-brand name merchandise, including bed-and-bath goods, home dcor, kitchenware, watches, jewelry, electronics and computers, sporting goods, apparel etc.

Senomyx Inc. (NASDAQ:SNMX) is currently trading at $2.22 up 1.83% in today’s trading. SNMX’s RSI is currently at 28.67 which indicates that the stock is oversold. SNMX is trading -26.37% below its 50 day moving average and -42.92% below its 200 day moving average. SNMX is -65.53% below its 52-week high and 7.77% above its 52-week low.

Senomyx, Inc. is engaged on the development of savory, sweet and salt flavor enhancers, high potency sweeteners, bitter blockers and cooling agents.

Ameritrans Capital Corp. (NASDAQ:AMTC) is currently trading at $0.20 up 17.65% in today’s trading. AMTC is trading -5.39% below its 50 day moving average and -61.53% below its 200 day moving average. AMTC is -87.26% below its 52-week high and 100.00% above its 52-week low.

Ameritrans Capital Corporation is a closed-end investment company, which makes loans and investments with the goal of generating both current income and capital appreciation.

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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.


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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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