Navigate this market better. Subscribe for FREE stock alerts and information.

Wednesday, July 13, 2011

Technical Upward Wedge: (NTT), (SQM), (BBRG), (OC), (D)

Upward wedge patterns have been noticed on July 13 for the stocks Nippon Telegraph & Telephone Corp, Chemical & Mining Co. of Chile Inc, Bravo Brio Restaurant Group, Inc, Owens Corning, and Dominion Resources, 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 Nippon Telegraph & Telephone Corp (NTT) traded higher by 1.38% or $0.33/share to $24.3. In the past year, the shares have traded as low as $20.66 and as high as $25.18. On average, 401630 shares of NTT exchange hands on a given day and today's volume is recorded at 158991.

Shares of Chemical & Mining Co. of Chile Inc (SQM) traded higher by 2.93% or $1.87/share to $65.59. In the past year, the shares have traded as low as $33.72 and as high as $67.12. On average, 535970 shares of SQM exchange hands on a given day and today's volume is recorded at 404816.

Shares of Bravo Brio Restaurant Group, Inc (BBRG) traded higher by 1.19% or $0.29/share to $24.64. In the past year, the shares have traded as low as $14.26 and as high as $25.16. On average, 174360 shares of BBRG exchange hands on a given day and today's volume is recorded at 140046.

Shares of Owens Corning (OC) traded higher by 1.06% or $0.38/share to $36.35. In the past year, the shares have traded as low as $23.05 and as high as $38.94. On average, 1430230 shares of OC exchange hands on a given day and today's volume is recorded at 821550.

Shares of Dominion Resources, Inc (D) traded higher by 0.35% or $0.17/share to $48.53. In the past year, the shares have traded as low as $38.66 and as high as $49.32. On average, 2214870 shares of D exchange hands on a given day and today's volume is recorded at 808272.