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Thursday, July 14, 2011

Stocks with Upward Wedge Patterns: (MKC), (AFCE), (OC), (CBSH), (DLR)

Upward wedge patterns have been noticed on July 14 for the stocks McCormick & Co. Inc, AFC Enterprises Inc, Owens Corning, Commerce Bancshares Inc, 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 McCormick & Co. Inc (MKC) remained unchanged at $49.36. In the past year, the shares have traded as low as $37.21 and as high as $50.97. On average, 582310 shares of MKC exchange hands on a given day and today's volume is recorded at 238792.

Shares of AFC Enterprises Inc (AFCE) fell by 0.60% or $-0.10/share to $16.7. In the past year, the shares have traded as low as $8.62 and as high as $17.57. On average, 104790 shares of AFCE exchange hands on a given day and today's volume is recorded at 36219.

Shares of Owens Corning (OC) fell by 0.55% or $-0.20/share to $36.01. In the past year, the shares have traded as low as $23.05 and as high as $38.94. On average, 1433470 shares of OC exchange hands on a given day and today's volume is recorded at 578170.

Shares of Commerce Bancshares Inc (CBSH) fell by 1.66% or $-0.72/share to $42.66. In the past year, the shares have traded as low as $34.69 and as high as $44.00. On average, 355500 shares of CBSH exchange hands on a given day and today's volume is recorded at 488039.

Shares of Digital Realty Trust Inc (DLR) traded higher by 0.86% or $0.53/share to $61.9. In the past year, the shares have traded as low as $46.34 and as high as $64.09. On average, 952200 shares of DLR exchange hands on a given day and today's volume is recorded at 687960.