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Friday, June 10, 2011

Upward Wedge Patterns Shown in Stocks: (AMB), (NL), (BR), (CMG), (VCR)

Upward wedge patterns have been noticed on June 10 for the stocks AMB Property Corp, NL Industries Inc, Broadridge Financial Solutions Inc, Chipotle Mexican Grill, Inc, and Vanguard Consumer Discretionary ETF. 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 AMB Property Corp (AMB) remained unchanged at $34.07. In the past year, the shares have traded as low as $21.28 and as high as $37.44. On average, 2360530 shares of AMB exchange hands on a given day and today's volume is recorded at 0.

Shares of NL Industries Inc (NL) fell by 1.63% or $-0.32/share to $19.26. In the past year, the shares have traded as low as $5.73 and as high as $19.90. On average, 46640 shares of NL exchange hands on a given day and today's volume is recorded at 19807.

Shares of Broadridge Financial Solutions Inc (BR) fell by 1.44% or $-0.32/share to $21.91. In the past year, the shares have traded as low as $18.38 and as high as $23.61. On average, 750510 shares of BR exchange hands on a given day and today's volume is recorded at 684141.

Shares of Chipotle Mexican Grill, Inc (CMG) fell by 1.55% or $-4.31/share to $273.56. In the past year, the shares have traded as low as $127.30 and as high as $296.00. On average, 1032010 shares of CMG exchange hands on a given day and today's volume is recorded at 380049.

Shares of Vanguard Consumer Discretionary ETF (VCR) fell by 1.41% or $-0.88/share to $61.32. In the past year, the shares have traded as low as $45.06 and as high as $66.29. On average, 46580 shares of VCR exchange hands on a given day and today's volume is recorded at 17112.