Stock Market Watch

These Stocks are Forming a Falling Wedge (Bullish) on May-17

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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.

ProShares UltraShort QQQ (NYSE:QID) is currently trading at $34.46. QID’s RSI is currently at 70.60 which indicates that the stock is overbought. QID is trading 9.40% above its 50 day moving average and -18.01% below its 200 day moving average. QID is -46.02% below its 52-week high and 17.17% above its 52-week low.

The investment seeks daily results, net of expenses, which correspond to two times (200%) the inverse (opposite) of the daily performance of the NASDAQ-100 Index. The fund invests in derivatives that Proshares Advisors believe should have similar daily ret


Tellabs Inc. (NASDAQ:TLAB) is currently trading at $3.75. TLAB is trading -2.58% below its 50 day moving average and -5.99% below its 200 day moving average. TLAB is -19.86% below its 52-week high and 3.87% above its 52-week low.

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

Tootsie Roll Industries Inc. (NYSE:TR) is currently trading at $22.58. TR is trading -0.08% below its 50 day moving average and -4.85% below its 200 day moving average. TR is -23.76% below its 52-week high and 4.39% above its 52-week low. TR’s PE ratio is 30.51 and their market cap is $1.28B.

Tootsie Roll Industries and its subsidiary are engaged in the manufacture and sale of confectionery products.

RF Micro Devices Inc. (NASDAQ:RFMD) is currently trading at $3.80. RFMD’s RSI is currently at 29.89 which indicates that the stock is oversold. RFMD is trading -14.78% below its 50 day moving average and -31.44% below its 200 day moving average. RFMD is -51.84% below its 52-week high and 0.00% above its 52-week low.

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

Bill Barrett Corp. (NYSE:BBG) is currently trading at $21.76. BBG is trading -11.93% below its 50 day moving average and -36.32% below its 200 day moving average. BBG is -58.26% below its 52-week high and 6.98% above its 52-week low. BBG’s PE ratio is 20.15 and their market cap is $1.05B.

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

Patriot Coal Corporation (NYSE:PCX) is currently trading at $3.74. PCX’s RSI is currently at 18.23 which indicates that the stock is oversold. PCX is trading -37.96% below its 50 day moving average and -59.53% below its 200 day moving average. PCX is -85.03% below its 52-week high and 2.47% 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.

PetroQuest Energy Inc. (NYSE:PQ) is currently trading at $4.79. PQ’s RSI is currently at 28.79 which indicates that the stock is oversold. PQ is trading -18.73% below its 50 day moving average and -26.11% below its 200 day moving average. PQ is -44.94% below its 52-week high and 1.48% above its 52-week low.

PetroQuest Energy, Inc. is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in East Texas, Arkoma Basin, South Louisiana and the shallow waters of the Gulf of Mexico.

Harvest Natural Resources Inc. (NYSE:HNR) is currently trading at $5.27. HNR is trading -21.82% below its 50 day moving average and -36.82% below its 200 day moving average. HNR is -62.91% below its 52-week high and 0.76% above its 52-week low.

Harvest Natural Resources, Inc. is an independent energy company engaged in the acquisition, exploration, development, production and disposition of oil and natural gas properties.

The First Bancorp Inc. (NASDAQ:FNLC) is currently trading at $13.74. FNLC is trading -4.57% below its 50 day moving average and -2.05% below its 200 day moving average. FNLC is -15.03% below its 52-week high and 22.45% above its 52-week low. FNLC’s PE ratio is 12.16 and their market cap is $135.20M.

The First Bancorp, Inc., through its wholly-owned subsidiary, provides a range of banking services to individual and corporate customers from fourteen offices in coastal Maine.

CryoLife Inc. (NYSE:CRY) is currently trading at $4.77. CRY is trading -8.46% below its 50 day moving average and -4.68% below its 200 day moving average. CRY is -20.76% below its 52-week high and 19.25% above its 52-week low. CRY’s PE ratio is 19.87 and their market cap is $131.41M.

CryoLife, Inc. preserves and distributes human tissues; develops, manufactures and commercializes medical devices for cardiac and vascular transplant applications.

VSE Corp. (NASDAQ:VSEC) is currently trading at $22.56. VSEC is trading -3.59% below its 50 day moving average and -8.26% below its 200 day moving average. VSEC is -26.47% below its 52-week high and 8.41% above its 52-week low. VSEC’s PE ratio is 5.14 and their market cap is $119.34M.

VSE Corporation provides program management, logistics, engineering, IT, construction program, and consulting services to the government, other government prime contractors, and commercial entities.

Hyperdynamics Corporation (NYSE:HDY) is currently trading at $0.60. HDY’s RSI is currently at 27.09 which indicates that the stock is oversold. HDY is trading -43.37% below its 50 day moving average and -78.90% below its 200 day moving average. HDY is -89.34% below its 52-week high and 7.14% above its 52-week low.

HyperDynamics Corporation is an independent oil and gas exploration and production Company which provides energy for the future by exploring for, developing new, and re-establishing pre-existing sources of energy worldwide.

Nanosphere Inc. (NASDAQ:NSPH) is currently trading at $1.65. NSPH is trading -8.33% below its 50 day moving average and 4.12% above its 200 day moving average. NSPH is -38.66% below its 52-week high and 85.39% above its 52-week low.

Nanosphere, Inc. develops, manufactures and markets an advanced molecular diagnostics platform, the Verigene System, which enables simple, low cost, and highly sensitive genomic and protein testing on a single platform.

Satcon Technology Corporation (NASDAQ:SATC) is currently trading at $0.33. SATC is trading -21.54% below its 50 day moving average and -57.46% below its 200 day moving average. SATC is -88.46% below its 52-week high and 10.00% above its 52-week low.

Satcon Technology Corporation delivers a suite of power conditioning solutions and services for large commercial and utility scale renewable energy installations through its two business segments: Renewable Energy Solutions and Applied Technology.

Daxor Corp. (NYSE:DXR) is currently trading at $9.07. DXR is trading -0.99% below its 50 day moving average and -6.39% below its 200 day moving average. DXR is -18.51% below its 52-week high and 1.91% above its 52-week low.

Daxor Corporation is a medical device manufacturing Company that offers additional biotech services, such as cryobanking, through its wholly-owned subsidiary, Scientific Medical Systems Corp.

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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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