Stock Market Watch

These Stocks are Forming a Falling Wedge (Bullish) on May-24

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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.

France Telecom (NYSE:FTE) is currently trading at $12.98 up 0.54% in today’s trading. FTE is trading -6.95% below its 50 day moving average and -17.58% below its 200 day moving average. FTE is -37.47% below its 52-week high and 3.76% above its 52-week low. FTE’s PE ratio is 7.05 and their market cap is $34.39B.

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.


PPL Corporation (NYSE:PPL) is currently trading at $27.41 up 1.14% in today’s trading. PPL is trading -0.31% below its 50 day moving average and -1.54% below its 200 day moving average. PPL is -7.19% below its 52-week high and 13.78% above its 52-week low. PPL’s PE ratio is 9.72 and their market cap is $15.90B.

PPL Corporation is an energy and utility holding company through its subsidiaries, is engaged in the generation and marketing of electricity in the northeastern and western U.S. and in the delivery of electricity in Pennsylvania and the U.K.

Nuance Communications Inc. (NASDAQ:NUAN) is currently trading at $20.83 down -2.57% in today’s trading. NUAN is trading -13.77% below its 50 day moving average and -12.85% below its 200 day moving average. NUAN is -33.13% below its 52-week high and 33.87% above its 52-week low. NUAN’s PE ratio is 148.79 and their market cap is $6.39B.

Nuance Communications, Inc. is a provider of voice and language solutions for businesses and consumers around the world.

Patterson-UTI Energy Inc. (NASDAQ:PTEN) is currently trading at $15.58 down -1.77% in today’s trading. PTEN is trading -5.41% below its 50 day moving average and -19.51% below its 200 day moving average. PTEN is -53.96% below its 52-week high and 8.50% above its 52-week low. PTEN’s PE ratio is 7.02 and their market cap is $2.43B.

Patterson-UTI Energy, Inc. is a provider of contract services to the North American oil and natural gas industry.

Titanium Metals Corporation (NYSE:TIE) is currently trading at $12.14 down -0.90% in today’s trading. TIE’s RSI is currently at 29.34 which indicates that the stock is oversold. TIE is trading -11.32% below its 50 day moving average and -17.78% below its 200 day moving average. TIE is -35.76% below its 52-week high and 3.06% above its 52-week low. TIE’s PE ratio is 19.58 and their market cap is $2.13B.

Titanium Metals Corporation is a producer of titanium melted and mill products. It produces titanium sponge, melted products, mill products, and industrial fabrications. Its customers include Boeing and Rolls Royce.

ProShares UltraShort Telecommunications (NYSE:TLL) is currently trading at $41.71 up 0.00% in today’s trading. TLL is trading 8.08% above its 50 day moving average and -2.42% below its 200 day moving average. TLL is -25.77% below its 52-week high and 18.66% above its 52-week low.

The investment seeks daily investment results, before fees and expenses, which correspond to twice (200%) the inverse (opposite) of the daily performance of the Dow Jones U.S. Select Telecommunications IndexSM. The fund invests in derivatives that Proshare

NII Holdings Inc. (NASDAQ:NIHD) is currently trading at $10.94 down -1.17% in today’s trading. NIHD’s RSI is currently at 22.96 which indicates that the stock is oversold. NIHD is trading -31.61% below its 50 day moving average and -52.93% below its 200 day moving average. NIHD is -75.16% below its 52-week high and 5.91% above its 52-week low. NIHD’s PE ratio is 16.83 and their market cap is $1.88B.

NII Holdings, Inc. provides wireless communication services targeted at meeting the needs of customers who use its services in their businesses and individuals that have medium to high usage patterns.

NuStar GP Holdings LLC (NYSE:NSH) is currently trading at $32.67 up 0.28% in today’s trading. NSH is trading -2.77% below its 50 day moving average and 2.51% above its 200 day moving average. NSH is -9.73% below its 52-week high and 22.40% above its 52-week low. NSH’s PE ratio is 19.68 and their market cap is $1.39B.

The Company owns general partner and limited partner interests in NuStar Energy L.P., which is engaged in the terminalling and storage of petroleum products, the transportation of petroleum products and anhydrous ammonia and asphalt and fuels marketing.

Tellabs Inc. (NASDAQ:TLAB) is currently trading at $3.57 down -1.11% in today’s trading. TLAB is trading -6.54% below its 50 day moving average and -10.39% below its 200 day moving average. TLAB is -23.70% below its 52-week high and 1.42% above its 52-week low.

Tellabs, Inc. designs and markets equipment to telecommunications service providers worldwide. It operates three business segments: broadband, transport, and services.

Hecla Mining Co. (NYSE:HL) is currently trading at $4.50 up 4.41% in today’s trading. HL is trading 5.76% above its 50 day moving average and -18.32% below its 200 day moving average. HL is -47.67% below its 52-week high and 21.62% above its 52-week low. HL’s PE ratio is 10.98 and their market cap is $1.28B.

Hecla Mining Company is engaged in the discovery, acquisition, development, production and marketing of silver, gold, lead and zinc.

RF Micro Devices Inc. (NASDAQ:RFMD) is currently trading at $3.74 up 4.18% in today’s trading. RFMD is trading -14.20% below its 50 day moving average and -31.75% below its 200 day moving average. RFMD is -52.60% below its 52-week high and 6.86% above its 52-week low.

RF Micro Devices, Inc. designs and manufactures of high-performance radio frequency (RF) components and compound semiconductors technologies.

Park National Corp. (NYSE:PRK) is currently trading at $66.42 down -0.45% in today’s trading. PRK is trading 0.21% above its 50 day moving average and 9.43% above its 200 day moving average. PRK is -6.38% below its 52-week high and 41.56% above its 52-week low. PRK’s PE ratio is 11.97 and their market cap is $1.02B.

Park National Corporation is a holding company, which is engaged in the commercial banking and trust business, through its subsidiaries.

Bill Barrett Corp. (NYSE:BBG) is currently trading at $20.34 down -4.60% in today’s trading. BBG is trading -15.08% below its 50 day moving average and -39.35% below its 200 day moving average. BBG is -60.98% below its 52-week high and 4.58% above its 52-week low. BBG’s PE ratio is 18.83 and their market cap is $978.56M.

Bill Barrett Corporation is an independent oil and gas company engaged in the exploration, development and production of natural gas and crude oil.

Universal American Corp (NYSE:UAM) is currently trading at $9.77 up 0.31% in today’s trading. UAM is trading -1.97% below its 50 day moving average and -11.51% below its 200 day moving average. UAM is -28.27% below its 52-week high and 11.15% above its 52-week low. UAM’s PE ratio is 97.70 and their market cap is $835.63M.

Universal American Corp and its subsidiaries will offer a broad array of health insurance and managed care products and services, primarily to the growing Medicare population.

LTX-Credence Corporation (NASDAQ:LTXC) is currently trading at $6.49 up 0.00% in today’s trading. LTXC is trading -2.40% below its 50 day moving average and 3.15% above its 200 day moving average. LTXC is -31.83% below its 52-week high and 34.93% above its 52-week low. LTXC’s PE ratio is 15.83 and their market cap is $318.07M.

LTX-Credence Corporation designs, manufactures, markets and services ATE solutions that address the divergent test requirements of the wireless, computing, automotive and entertainment market segments.








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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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