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Tuesday, July 5, 2011

Technical Upward Wedge: (LAD), (PFL), (PMF), (KTF), (TFX)

Upward wedge patterns have been noticed on July 5 for the stocks Lithia Motors Inc, PIMCO Income Strategy Fund, PIMCO Municipal Income Fund, DWS Municipal Income Trust, and Teleflex Incorporated. 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) fell by 1.63% or $-0.32/share to $19.34. In the past year, the shares have traded as low as $5.77 and as high as $20.31. On average, 189660 shares of LAD exchange hands on a given day and today's volume is recorded at 185740.

Shares of PIMCO Income Strategy Fund (PFL) fell by 0.38% or $-0.05/share to $13.04. In the past year, the shares have traded as low as $10.08 and as high as $13.09. On average, 123230 shares of PFL exchange hands on a given day and today's volume is recorded at 65545.

Shares of PIMCO Municipal Income Fund (PMF) traded higher by 1.28% or $0.17/share to $13.43. In the past year, the shares have traded as low as $11.30 and as high as $14.33. On average, 44680 shares of PMF exchange hands on a given day and today's volume is recorded at 31271.

Shares of DWS Municipal Income Trust (KTF) fell by 0.42% or $-0.05/share to $11.95. In the past year, the shares have traded as low as $9.91 and as high as $12.68. On average, 50590 shares of KTF exchange hands on a given day and today's volume is recorded at 45228.

Shares of Teleflex Incorporated (TFX) fell by 0.40% or $-0.25/share to $62.18. In the past year, the shares have traded as low as $47.09 and as high as $63.71. On average, 266760 shares of TFX exchange hands on a given day and today's volume is recorded at 199972.