These stocks, SK Telecom Co. Ltd, GenOn Energy, Inc, Electronic Arts Inc, Portugal Telecom SGPS SA, and RadioShack Corp, 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 SK Telecom Co. Ltd (SKM) fell by 1.14% or $-0.16/share to $13.9. In the past year, the shares have traded as low as $12.89 and as high as $20.29. On average, 1496940 shares of SKM exchange hands on a given day and today's volume is recorded at 2574777.
Shares of GenOn Energy, Inc (GEN) fell by 2.88% or $-0.07/share to $2.36. In the past year, the shares have traded as low as $2.04 and as high as $4.14. On average, 10262790 shares of GEN exchange hands on a given day and today's volume is recorded at 12254364.
Shares of Electronic Arts Inc (EA) fell by 0.59% or $-0.10/share to $16.86. In the past year, the shares have traded as low as $16.05 and as high as $26.13. On average, 8432440 shares of EA exchange hands on a given day and today's volume is recorded at 2905417.
Shares of Portugal Telecom SGPS SA (PT) fell by 0.38% or $-0.02/share to $5.27. In the past year, the shares have traded as low as $4.95 and as high as $10.63. On average, 328930 shares of PT exchange hands on a given day and today's volume is recorded at 166957.
Shares of RadioShack Corp (RSH) traded higher by 0.62% or $0.04/share to $6.5. In the past year, the shares have traded as low as $6.42 and as high as $15.70. On average, 4766380 shares of RSH exchange hands on a given day and today's volume is recorded at 2851144.
