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Monday, June 27, 2011

Upward Wedge Detected: (WPI), (HXL), (PML), (NTT), (DLR)

Upward wedge patterns have been noticed on June 27 for the stocks Watson Pharmaceuticals Inc, Hexcel Corp, PIMCO Municipal Income Fund II, Nippon Telegraph & Telephone Corp, 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 Watson Pharmaceuticals Inc (WPI) fell by 0.32% or $-0.21/share to $65.45. In the past year, the shares have traded as low as $39.34 and as high as $66.00. On average, 1191150 shares of WPI exchange hands on a given day and today's volume is recorded at 1210801.

Shares of Hexcel Corp (HXL) traded higher by 0.57% or $0.12/share to $21.08. In the past year, the shares have traded as low as $14.89 and as high as $22.08. On average, 710160 shares of HXL exchange hands on a given day and today's volume is recorded at 385297.

Shares of PIMCO Municipal Income Fund II (PML) traded higher by 0.77% or $0.08/share to $10.51. In the past year, the shares have traded as low as $8.95 and as high as $11.36. On average, 98930 shares of PML exchange hands on a given day and today's volume is recorded at 145263.

Shares of Nippon Telegraph & Telephone Corp (NTT) fell by 0.43% or $-0.10/share to $23.27. In the past year, the shares have traded as low as $20.20 and as high as $25.18. On average, 445680 shares of NTT exchange hands on a given day and today's volume is recorded at 223863.

Shares of Digital Realty Trust Inc (DLR) traded higher by 0.26% or $0.16/share to $60.8. In the past year, the shares have traded as low as $46.34 and as high as $63.55. On average, 972920 shares of DLR exchange hands on a given day and today's volume is recorded at 536448.