These stocks, FutureFuel Corp, SK Telecom Co. Ltd, MEMC Electronic Materials Inc, RadioShack Corp, and Konami Corp, have been showing downward channel patterns on April 7. 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 FutureFuel Corp (FF) traded higher by 0.56% or $0.06/share to $10.86. In the past year, the shares have traded as low as $9.40 and as high as $13.62. On average, 30800 shares of FF exchange hands on a given day and today's volume is recorded at 26205.
Shares of SK Telecom Co. Ltd (SKM) remained unchanged at $13.71. In the past year, the shares have traded as low as $12.89 and as high as $20.29. On average, 1711910 shares of SKM exchange hands on a given day and today's volume is recorded at 2237068.
Shares of MEMC Electronic Materials Inc (WFR) traded higher by 0.58% or $0.02/share to $3.45. In the past year, the shares have traded as low as $3.36 and as high as $12.69. On average, 7342620 shares of WFR exchange hands on a given day and today's volume is recorded at 5465925.
Shares of RadioShack Corp (RSH) fell by 3.51% or $-0.22/share to $6.05. In the past year, the shares have traded as low as $6.04 and as high as $15.70. On average, 5014480 shares of RSH exchange hands on a given day and today's volume is recorded at 4424316.
Shares of Konami Corp (KNM) fell by 1.82% or $-0.51/share to $27.49. In the past year, the shares have traded as low as $17.35 and as high as $37.22. On average, 7820 shares of KNM exchange hands on a given day and today's volume is recorded at 2736.
