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Wednesday, June 29, 2011

Upward Wedge Detected: (DLR), (EWM), (AFCE), (AVB), (HXL)

Upward wedge patterns have been noticed on June 29 for the stocks Digital Realty Trust Inc, iShares MSCI Malaysia Index, AFC Enterprises Inc, Avalonbay Communities Inc, and Hexcel Corp. 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 Digital Realty Trust Inc (DLR) traded higher by 0.96% or $0.59/share to $61.89. In the past year, the shares have traded as low as $46.34 and as high as $63.55. On average, 969280 shares of DLR exchange hands on a given day and today's volume is recorded at 659995.

Shares of iShares MSCI Malaysia Index (EWM) traded higher by 0.13% or $0.02/share to $15.12. In the past year, the shares have traded as low as $11.05 and as high as $15.10. On average, 1857270 shares of EWM exchange hands on a given day and today's volume is recorded at 1354027.

Shares of AFC Enterprises Inc (AFCE) fell by 0.73% or $-0.12/share to $16.4. In the past year, the shares have traded as low as $8.56 and as high as $16.83. On average, 95340 shares of AFCE exchange hands on a given day and today's volume is recorded at 55615.

Shares of Avalonbay Communities Inc (AVB) traded higher by 0.24% or $0.31/share to $127.66. In the past year, the shares have traded as low as $86.12 and as high as $132.90. On average, 732640 shares of AVB exchange hands on a given day and today's volume is recorded at 682990.

Shares of Hexcel Corp (HXL) traded higher by 0.28% or $0.06/share to $21.38. In the past year, the shares have traded as low as $14.89 and as high as $22.08. On average, 704150 shares of HXL exchange hands on a given day and today's volume is recorded at 302726.