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

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.

EXCO Resources Inc. (NYSE:XCO) is currently trading at $6.79 down -2.30% in today’s trading. XCO is trading -14.81% below its 50 day moving average and -44.67% below its 200 day moving average. XCO is -67.43% below its 52-week high and 3.66% above its 52-week low. XCO’s PE ratio is 77.22 and their market cap is $1.51B.

EXCO Resources, Inc. is an independent oil and natural gas company, which is engaged in the acquisition, development and exploitation of onshore North American oil and natural gas properties.

Aurizon Mines Ltd. (NYSE:AZK) is currently trading at $4.90 down -2.39% in today’s trading. AZK is trading -6.57% below its 50 day moving average and -13.67% below its 200 day moving average. AZK is -34.67% below its 52-week high and 8.17% above its 52-week low. AZK’s PE ratio is 27.89 and their market cap is $818.91M.

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

Alon Holdings Blue Square – Israel Ltd (NYSE:BSI) is currently trading at $3.25 down -0.91% in today’s trading. BSI’s RSI is currently at 20.48 which indicates that the stock is oversold. BSI is trading -17.49% below its 50 day moving average and -42.03% below its 200 day moving average. BSI is -67.86% below its 52-week high and 11.68% above its 52-week low. BSI’s PE ratio is 6.56 and their market cap is $216.32M.

Alon Holdings Blue Square – Israel Ltd operates as a food retailer in Israel. It operates in the ‘Non-Food’ sector, selling ‘Non-Food’ items both in its supermarkets and in stand alone retail outlets. It operates in the commercial real estate sector.

Jiayuan.com International Ltd. (NASDAQ:DATE) is currently trading at $5.68 down -0.70% in today’s trading. DATE’s RSI is currently at 26.93 which indicates that the stock is oversold. DATE is trading -16.28% below its 50 day moving average and -40.31% below its 200 day moving average. DATE is -64.76% below its 52-week high and 5.97% above its 52-week low. DATE’s PE ratio is 143.00 and their market cap is $180.64M.

Jiayuan.com International Ltd operates online dating platform in China. Its committed to addressing the dating and marriage needs of China’s rapidly growing urban singles population by providing a trusted, effective platform & a superior user experience.

Marchex Inc. (NASDAQ:MCHX) is currently trading at $4.31 up 2.38% in today’s trading. MCHX is trading -10.71% below its 50 day moving average and -41.98% below its 200 day moving average. MCHX is -60.09% below its 52-week high and 8.02% above its 52-week low. MCHX’s PE ratio is 70.17 and their market cap is $156.91M.

Marchex, Inc. is a call advertising and small business marketing company. It delivers call and click-based advertising products to tens of thousands of advertisers.

Eastern American Natural Gas Trust (NYSE:NGT) is currently trading at $22.62 up 0.00% in today’s trading. NGT is trading -0.90% below its 50 day moving average and -0.65% below its 200 day moving average. NGT is -4.07% below its 52-week high and 3.14% above its 52-week low. NGT’s PE ratio is 24.59 and their market cap is $133.46M.

Eastern American Natural Gas Trust is acquires and holds net profits interests created from the working interests owned by Eastern American in 650 producing gas wells and 65 proved development well locations located in West Virginia and Pennsylvania.

Essa Bancorp Inc. (NASDAQ:ESSA) is currently trading at $9.51 down -0.31% in today’s trading. ESSA is trading -6.10% below its 50 day moving average and -12.68% below its 200 day moving average. ESSA is -28.53% below its 52-week high and 1.82% above its 52-week low. ESSA’s PE ratio is 20.74 and their market cap is $115.53M.

ESSA Bancorp Inc is a bank holding company, which through its subsidiary, ESSA Bank & Trust, provides financial services to individuals, families and businesses.

Learning Tree International Inc. (NASDAQ:LTRE) is currently trading at $5.90 up 0.85% in today’s trading. LTRE is trading -4.58% below its 50 day moving average and -22.49% below its 200 day moving average. LTRE is -44.18% below its 52-week high and 23.95% above its 52-week low. LTRE’s PE ratio is 25.43 and their market cap is $79.03M.

Learning Tree International, Inc. is a worldwide vendor-independent provider to business and government organizations for the training and education of their managers and information technology professionals.

Echo Therapeutics Inc. (OTC:ECTE) is currently trading at $1.98 down -10.48% in today’s trading. ECTE is trading -2.46% below its 50 day moving average and -31.74% below its 200 day moving average. ECTE is -60.28% below its 52-week high and 22.12% above its 52-week low.

Echo Therapeutics, Inc. is a medical device and pharmaceutical company, which is engaged in developing a non-invasive, wireless, transdermal continuous glucose monitoring system for use in clinical settings and for people with diabetes.

UQM Technologies Inc. (NYSE:UQM) is currently trading at $1.55 down -1.27% in today’s trading. UQM is trading -5.31% below its 50 day moving average and -16.27% below its 200 day moving average. UQM is -54.14% below its 52-week high and 21.09% above its 52-week low.

UQM Technologies, Inc. is a developer and manufacturer of power dense, high efficiency electric motors, generators and power electronic controllers for the automotive, aerospace, military and industrial markets.

Neuralstem Inc. (NYSE:CUR) is currently trading at $1.14 down -0.87% in today’s trading. CUR is trading 4.66% above its 50 day moving average and -6.76% below its 200 day moving average. CUR is -46.23% below its 52-week high and 32.56% above its 52-week low.

Neuralstem Inc is an biotechnology company, which is engaged on developing and commercializing human neural stem cell technology in the emerging field of regenerative medicine.

Equus Total Return Inc. (NYSE:EQS) is currently trading at $1.96 up 0.15% in today’s trading. EQS is trading -5.42% below its 50 day moving average and -11.52% below its 200 day moving average. EQS is -34.35% below its 52-week high and 9.66% above its 52-week low. EQS’s PE ratio is 5.44 and their market cap is $20.70M.

Equus Total Return, Inc. is a business development company providing financing solutions for privately-held middle market and small capitalization companies.

Wireless Ronin Technologies Inc. (NASDAQ:RNIN) is currently trading at $0.84 down -1.18% in today’s trading. RNIN is trading -16.03% below its 50 day moving average and -28.39% below its 200 day moving average. RNIN is -46.15% below its 52-week high and 10.53% above its 52-week low.

Wireless Ronin Technologies, Inc. provides dynamic digital signage solutions targeting specific retail and service market.

WSI Industries Inc. (NASDAQ:WSCI) is currently trading at $5.13 down -1.35% in today’s trading. WSCI is trading 0.70% above its 50 day moving average and -6.53% below its 200 day moving average. WSCI is -30.10% below its 52-week high and 21.50% above its 52-week low. WSCI’s PE ratio is 15.76 and their market cap is $15.08M.

WSI Industries, Inc. is involved in the precision contract metal machining business mainly serving the recreational vehicle, energy, aerospace/avionics and bioscience industries.

Orckit Communications Ltd. (NASDAQ:ORCT) is currently trading at $0.42 down -3.66% in today’s trading. ORCT’s RSI is currently at 25.02 which indicates that the stock is oversold. ORCT is trading -37.99% below its 50 day moving average and -68.32% below its 200 day moving average. ORCT is -87.35% below its 52-week high and 0.93% above its 52-week low.

Orckit Communications, Ltd. develops, markets and sells telecommunication transport equipment capable of supporting the growing capacity demands for Ethernet services and high bandwidth video services.

Alex Fredricks

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.