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Friday, June 24, 2011

Upward Wedge Detected: (PFL), (EVV), (BLUD), (EDR), (KTF)

Upward wedge patterns have been noticed on June 24 for the stocks PIMCO Income Strategy Fund, Eaton Vance Limited Duration Income Fund, Immucor Inc, Education Realty Trust Inc, and DWS Municipal Income Trust. 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 PIMCO Income Strategy Fund (PFL) traded higher by 0.08% or $0.01/share to $12.9. In the past year, the shares have traded as low as $9.83 and as high as $13.03. On average, 121310 shares of PFL exchange hands on a given day and today's volume is recorded at 98389.

Shares of Eaton Vance Limited Duration Income Fund (EVV) fell by 0.43% or $-0.07/share to $16.33. 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 185689.

Shares of Immucor Inc (BLUD) fell by 1.53% or $-0.30/share to $19.28. 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 186162.

Shares of Education Realty Trust Inc (EDR) traded higher by 0.24% or $0.02/share to $8.27. 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 546398.

Shares of DWS Municipal Income Trust (KTF) traded higher by 0.08% or $0.01/share to $11.99. 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 66796.