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Tuesday, June 21, 2011

Upward Wedge Patterns Shown in Stocks: (LAD), (MSTR), (EDR), (DLR), (BR)

Upward wedge patterns have been noticed on June 21 for the stocks Lithia Motors Inc, MicroStrategy Inc, Education Realty Trust Inc, Digital Realty Trust Inc, and Broadridge Financial Solutions 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 Lithia Motors Inc (LAD) traded higher by 2.27% or $0.40/share to $18.01. In the past year, the shares have traded as low as $5.77 and as high as $19.01. On average, 175800 shares of LAD exchange hands on a given day and today's volume is recorded at 137895.

Shares of MicroStrategy Inc (MSTR) traded higher by 3.73% or $5.21/share to $144.87. In the past year, the shares have traded as low as $72.42 and as high as $151.97. On average, 110040 shares of MSTR exchange hands on a given day and today's volume is recorded at 94803.

Shares of Education Realty Trust Inc (EDR) remained unchanged at $8.39. In the past year, the shares have traded as low as $5.72 and as high as $8.78. On average, 483970 shares of EDR exchange hands on a given day and today's volume is recorded at 592899.

Shares of Digital Realty Trust Inc (DLR) traded higher by 0.94% or $0.58/share to $62.41. In the past year, the shares have traded as low as $46.34 and as high as $63.55. On average, 956980 shares of DLR exchange hands on a given day and today's volume is recorded at 720214.

Shares of Broadridge Financial Solutions Inc (BR) traded higher by 1.27% or $0.29/share to $23.17. In the past year, the shares have traded as low as $18.25 and as high as $23.45. On average, 789430 shares of BR exchange hands on a given day and today's volume is recorded at 675916.