These stocks, GenOn Energy, Inc, Vonage Holdings Corporation, Portugal Telecom SGPS SA, Polypore International Inc, and Unit 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 GenOn Energy, Inc (GEN) fell by 1.93% or $-0.04/share to $2.03. In the past year, the shares have traded as low as $2.01 and as high as $4.14. On average, 10431270 shares of GEN exchange hands on a given day and today's volume is recorded at 4341739.
Shares of Vonage Holdings Corporation (VG) fell by 0.46% or $-0.01/share to $2.15. In the past year, the shares have traded as low as $2.04 and as high as $5.39. On average, 2403810 shares of VG exchange hands on a given day and today's volume is recorded at 1396095.
Shares of Portugal Telecom SGPS SA (PT) remained unchanged at $5.06. In the past year, the shares have traded as low as $4.95 and as high as $10.63. On average, 356760 shares of PT exchange hands on a given day and today's volume is recorded at 439198.
Shares of Polypore International Inc (PPO) traded higher by 0.30% or $0.11/share to $37.14. In the past year, the shares have traded as low as $33.80 and as high as $74.21. On average, 2041450 shares of PPO exchange hands on a given day and today's volume is recorded at 1172810.
Shares of Unit Corp (UNT) fell by 1.42% or $-0.61/share to $42.23. In the past year, the shares have traded as low as $33.56 and as high as $63.58. On average, 320050 shares of UNT exchange hands on a given day and today's volume is recorded at 337476.
