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Friday, June 24, 2011

Upward Wedge Patterns Shown in Stocks: (CHT), (LAD), (DLR), (BR), (WAG)

Upward wedge patterns have been noticed on June 24 for the stocks Chunghwa Telecom Co. Ltd, Lithia Motors Inc, Digital Realty Trust Inc, Broadridge Financial Solutions Inc, and Walgreen Co. 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 Chunghwa Telecom Co. Ltd (CHT) fell by 1.43% or $-0.49/share to $33.82. In the past year, the shares have traded as low as $18.35 and as high as $34.41. On average, 343180 shares of CHT exchange hands on a given day and today's volume is recorded at 400976.

Shares of Lithia Motors Inc (LAD) traded higher by 2.93% or $0.55/share to $19.35. In the past year, the shares have traded as low as $5.77 and as high as $19.01. On average, 178350 shares of LAD exchange hands on a given day and today's volume is recorded at 403736.

Shares of Digital Realty Trust Inc (DLR) traded higher by 0.08% or $0.05/share to $60.94. In the past year, the shares have traded as low as $46.34 and as high as $63.55. On average, 972590 shares of DLR exchange hands on a given day and today's volume is recorded at 418039.

Shares of Broadridge Financial Solutions Inc (BR) traded higher by 0.21% or $0.05/share to $23.49. In the past year, the shares have traded as low as $18.25 and as high as $23.70. On average, 823190 shares of BR exchange hands on a given day and today's volume is recorded at 455769.

Shares of Walgreen Co (WAG) fell by 2.30% or $-0.98/share to $41.61. In the past year, the shares have traded as low as $25.76 and as high as $46.93. On average, 6010870 shares of WAG exchange hands on a given day and today's volume is recorded at 8812285.