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Friday, June 24, 2011

Upward Wedge Patterns Shown in Stocks: (CORE), (POL), (EWM), (CALM), (SQM)

Upward wedge patterns have been noticed on June 24 for the stocks Core-Mark Holding Company, Inc, PolyOne Corporation, iShares MSCI Malaysia Index, Cal-Maine Foods, Inc, and Chemical & Mining Co. of Chile 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 Core-Mark Holding Company, Inc (CORE) fell by 0.66% or $-0.23/share to $34.36. In the past year, the shares have traded as low as $25.61 and as high as $37.19. On average, 45380 shares of CORE exchange hands on a given day and today's volume is recorded at 36082.

Shares of PolyOne Corporation (POL) fell by 0.54% or $-0.08/share to $14.73. In the past year, the shares have traded as low as $7.34 and as high as $15.41. On average, 813850 shares of POL exchange hands on a given day and today's volume is recorded at 512422.

Shares of iShares MSCI Malaysia Index (EWM) fell by 1.01% or $-0.15/share to $14.74. In the past year, the shares have traded as low as $11.05 and as high as $15.05. On average, 1757690 shares of EWM exchange hands on a given day and today's volume is recorded at 1687173.

Shares of Cal-Maine Foods, Inc (CALM) fell by 0.27% or $-0.08/share to $29.97. In the past year, the shares have traded as low as $25.56 and as high as $33.36. On average, 136410 shares of CALM exchange hands on a given day and today's volume is recorded at 43802.

Shares of Chemical & Mining Co. of Chile Inc (SQM) traded higher by 0.16% or $0.10/share to $61.63. In the past year, the shares have traded as low as $31.68 and as high as $62.89. On average, 534980 shares of SQM exchange hands on a given day and today's volume is recorded at 264744.