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Sunday, June 26, 2011

Technical Upward Wedge: (KTF), (EVV), (WPI), (AFCE), (DLR)

Upward wedge patterns have been noticed on June 26 for the stocks DWS Municipal Income Trust, Eaton Vance Limited Duration Income Fund, Watson Pharmaceuticals Inc, AFC Enterprises Inc, and Digital 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 DWS Municipal Income Trust (KTF) traded higher by 0.17% or $0.02/share to $12.0. In the past year, the shares have traded as low as $9.91 and as high as $12.68. On average, 52050 shares of KTF exchange hands on a given day and today's volume is recorded at 72828.

Shares of Eaton Vance Limited Duration Income Fund (EVV) fell by 0.24% or $-0.04/share to $16.36. In the past year, the shares have traded as low as $14.32 and as high as $16.50. On average, 264350 shares of EVV exchange hands on a given day and today's volume is recorded at 195501.

Shares of Watson Pharmaceuticals Inc (WPI) fell by 0.30% or $-0.20/share to $65.66. 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 2680511.

Shares of AFC Enterprises Inc (AFCE) traded higher by 0.12% or $0.02/share to $16.19. In the past year, the shares have traded as low as $8.56 and as high as $16.83. On average, 90830 shares of AFCE exchange hands on a given day and today's volume is recorded at 240708.

Shares of Digital Realty Trust Inc (DLR) fell by 0.41% or $-0.25/share to $60.64. In the past year, the shares have traded as low as $46.34 and as high as $63.55. On average, 972590 shares of DLR exchange hands on a given day and today's volume is recorded at 768708.