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Sunday, June 26, 2011

Stocks with Upward Wedge Patterns: (CALM), (EWM), (PML), (BLUD), (EDR)

Upward wedge patterns have been noticed on June 26 for the stocks Cal-Maine Foods, Inc, iShares MSCI Malaysia Index, PIMCO Municipal Income Fund II, Immucor Inc, and Education Realty Trust Inc. The price range of these stocks is getting more narrow as the upward trend continues, thus signally the trend is losing steam. This sends a bearish signal to investors as the upward trend is ending.

Shares of Cal-Maine Foods, Inc (CALM) traded higher by 1.03% or $0.31/share to $30.36. In the past year, the shares have traded as low as $25.56 and as high as $33.36. On average, 136410 shares of CALM exchange hands on a given day and today's volume is recorded at 294982.

Shares of iShares MSCI Malaysia Index (EWM) fell by 0.94% or $-0.14/share to $14.75. In the past year, the shares have traded as low as $11.05 and as high as $15.05. On average, 1757690 shares of EWM exchange hands on a given day and today's volume is recorded at 2024537.

Shares of PIMCO Municipal Income Fund II (PML) remained unchanged at $10.43. In the past year, the shares have traded as low as $8.95 and as high as $11.37. On average, 99050 shares of PML exchange hands on a given day and today's volume is recorded at 112357.

Shares of Immucor Inc (BLUD) fell by 1.07% or $-0.21/share to $19.37. In the past year, the shares have traded as low as $15.01 and as high as $21.95. On average, 427140 shares of BLUD exchange hands on a given day and today's volume is recorded at 1438038.

Shares of Education Realty Trust Inc (EDR) traded higher by 0.48% or $0.04/share to $8.29. In the past year, the shares have traded as low as $5.72 and as high as $8.78. On average, 513059 shares of EDR exchange hands on a given day and today's volume is recorded at 1102507.