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Thursday, July 14, 2011

Technical Upward Wedge: (EXAM), (SWN), (XLNX), (PML), (DFT)

Upward wedge patterns have been noticed on July 14 for the stocks ExamWorks Group, Inc, Southwestern Energy Co, Xilinx Inc, PIMCO Municipal Income Fund II, and DuPont Fabros Technology, 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 ExamWorks Group, Inc (EXAM) fell by 1.18% or $-0.31/share to $26.01. In the past year, the shares have traded as low as $15.10 and as high as $26.48. On average, 265480 shares of EXAM exchange hands on a given day and today's volume is recorded at 286043.

Shares of Southwestern Energy Co (SWN) fell by 0.27% or $-0.12/share to $43.66. In the past year, the shares have traded as low as $30.61 and as high as $44.73. On average, 4309110 shares of SWN exchange hands on a given day and today's volume is recorded at 3634195.

Shares of Xilinx Inc (XLNX) fell by 0.85% or $-0.29/share to $33.63. In the past year, the shares have traded as low as $23.59 and as high as $37.37. On average, 4365340 shares of XLNX exchange hands on a given day and today's volume is recorded at 2931946.

Shares of PIMCO Municipal Income Fund II (PML) fell by 0.56% or $-0.06/share to $10.64. In the past year, the shares have traded as low as $8.89 and as high as $11.29. On average, 98780 shares of PML exchange hands on a given day and today's volume is recorded at 118831.

Shares of DuPont Fabros Technology, Inc (DFT) traded higher by 0.50% or $0.13/share to $25.91. In the past year, the shares have traded as low as $19.54 and as high as $26.72. On average, 744770 shares of DFT exchange hands on a given day and today's volume is recorded at 703645.