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Friday, June 24, 2011

Stocks with Upward Wedge Patterns: (NTT), (CPT), (HXL), (TFX), (WPI)

Upward wedge patterns have been noticed on June 24 for the stocks Nippon Telegraph & Telephone Corp, Camden Property Trust, Hexcel Corp, Teleflex Incorporated, and Watson Pharmaceuticals 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 Nippon Telegraph & Telephone Corp (NTT) fell by 0.68% or $-0.16/share to $23.35. In the past year, the shares have traded as low as $20.12 and as high as $25.18. On average, 449410 shares of NTT exchange hands on a given day and today's volume is recorded at 90614.

Shares of Camden Property Trust (CPT) traded higher by 0.19% or $0.12/share to $63.04. In the past year, the shares have traded as low as $37.87 and as high as $65.75. On average, 605450 shares of CPT exchange hands on a given day and today's volume is recorded at 486418.

Shares of Hexcel Corp (HXL) fell by 0.52% or $-0.11/share to $21.01. In the past year, the shares have traded as low as $14.89 and as high as $22.08. On average, 714880 shares of HXL exchange hands on a given day and today's volume is recorded at 712176.

Shares of Teleflex Incorporated (TFX) fell by 0.58% or $-0.35/share to $59.58. In the past year, the shares have traded as low as $47.09 and as high as $63.71. On average, 260529 shares of TFX exchange hands on a given day and today's volume is recorded at 153991.

Shares of Watson Pharmaceuticals Inc (WPI) fell by 0.49% or $-0.32/share to $65.54. In the past year, the shares have traded as low as $39.34 and as high as $66.00. On average, 1157090 shares of WPI exchange hands on a given day and today's volume is recorded at 850158.