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Thursday, July 14, 2011

Technical Upward Wedge: (SQM), (LAD), (BBRG), (PMF), (DELL)

Upward wedge patterns have been noticed on July 14 for the stocks Chemical & Mining Co. of Chile Inc, Lithia Motors Inc, Bravo Brio Restaurant Group, Inc, PIMCO Municipal Income Fund, and Dell 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 Chemical & Mining Co. of Chile Inc (SQM) fell by 1.43% or $-0.94/share to $64.6. In the past year, the shares have traded as low as $33.72 and as high as $67.12. On average, 540470 shares of SQM exchange hands on a given day and today's volume is recorded at 164529.

Shares of Lithia Motors Inc (LAD) fell by 2.35% or $-0.49/share to $20.4. In the past year, the shares have traded as low as $6.25 and as high as $21.22. On average, 202400 shares of LAD exchange hands on a given day and today's volume is recorded at 364653.

Shares of Bravo Brio Restaurant Group, Inc (BBRG) fell by 2.23% or $-0.55/share to $24.16. In the past year, the shares have traded as low as $14.26 and as high as $25.16. On average, 176380 shares of BBRG exchange hands on a given day and today's volume is recorded at 56308.

Shares of PIMCO Municipal Income Fund (PMF) traded higher by 0.02% or $0.00/share to $13.27. In the past year, the shares have traded as low as $11.23 and as high as $14.25. On average, 43270 shares of PMF exchange hands on a given day and today's volume is recorded at 24595.

Shares of Dell Inc (DELL) traded higher by 1.21% or $0.20/share to $16.73. In the past year, the shares have traded as low as $11.34 and as high as $17.22. On average, 25606270 shares of DELL exchange hands on a given day and today's volume is recorded at 16479332.