These stocks, Unit Corp, North American Palladium Ltd, Vonage Holdings Corporation, Public Service Enterprise Group Inc, and Cablevision Systems Corporation, have been showing downward channel patterns on March 25. 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 Unit Corp (UNT) traded higher by 1.58% or $0.69/share to $44.29. In the past year, the shares have traded as low as $33.56 and as high as $63.81. On average, 306960 shares of UNT exchange hands on a given day and today's volume is recorded at 224007.
Shares of North American Palladium Ltd (PAL) fell by 0.37% or $-0.01/share to $2.68. In the past year, the shares have traded as low as $1.97 and as high as $6.92. On average, 1569710 shares of PAL exchange hands on a given day and today's volume is recorded at 585931.
Shares of Vonage Holdings Corporation (VG) remained unchanged at $2.22. In the past year, the shares have traded as low as $2.04 and as high as $5.39. On average, 2418040 shares of VG exchange hands on a given day and today's volume is recorded at 1109807.
Shares of Public Service Enterprise Group Inc (PEG) fell by 0.47% or $-0.14/share to $29.67. In the past year, the shares have traded as low as $27.07 and as high as $34.69. On average, 3376440 shares of PEG exchange hands on a given day and today's volume is recorded at 2751648.
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.
