These stocks, Frontier Communications Corporation, Konami Corp, Cablevision Systems Corporation, Silicon Graphics International Corp, and Polypore International Inc, have been showing downward channel patterns on March 24. This pattern is short-term bearish as the stock falls within the descending channel, but these patterns form long uptrends as a continuation pattern. The stock displays an downward tilt and is controlled by two parallel lines. The higher line connects two consecutive lower highs. The lower line connects two or more consecutive lower lows. As the price hits the lower line, it bounces up to the higher line which acts as a resistance line. Investors may want to watch out for a breakpoint as the stock will most likely hit a long-term up trend.
Shares of Frontier Communications Corporation (FTR) fell by 1.87% or $-0.08/share to $4.19. In the past year, the shares have traded as low as $3.72 and as high as $8.07. On average, 20280520 shares of FTR exchange hands on a given day and today's volume is recorded at 13989458.
Shares of Konami Corp (KNM) fell by 0.54% or $-0.15/share to $27.59. In the past year, the shares have traded as low as $17.35 and as high as $37.22. On average, 7160 shares of KNM exchange hands on a given day and today's volume is recorded at 3686.
Shares of Cablevision Systems Corporation (CVC) fell by 0.20% or $-0.03/share to $14.7. In the past year, the shares have traded as low as $11.44 and as high as $26.82. On average, 3641880 shares of CVC exchange hands on a given day and today's volume is recorded at 1542307.
Shares of Silicon Graphics International Corp (SGI) traded higher by 4.36% or $0.42/share to $10.05. In the past year, the shares have traded as low as $8.36 and as high as $22.95. On average, 843010 shares of SGI exchange hands on a given day and today's volume is recorded at 1488863.
Shares of Polypore International Inc (PPO) traded higher by 3.48% or $1.24/share to $36.89. In the past year, the shares have traded as low as $33.80 and as high as $74.21. On average, 1920800 shares of PPO exchange hands on a given day and today's volume is recorded at 1182121.
