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Sunday, July 17, 2011

Upward Wedge Detected: (HURN), (DELL), (GLUU), (ARR), (XLNX)

Upward wedge patterns have been noticed on July 17 for the stocks Huron Consulting Group Inc, Dell Inc, Glu Mobile, Inc, ARMOUR Residential REIT, Inc, and Xilinx 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 Huron Consulting Group Inc (HURN) traded higher by 1.02% or $0.30/share to $29.6. In the past year, the shares have traded as low as $18.31 and as high as $31.63. On average, 102970 shares of HURN exchange hands on a given day and today's volume is recorded at 137320.

Shares of Dell Inc (DELL) traded higher by 1.68% or $0.28/share to $16.97. In the past year, the shares have traded as low as $11.34 and as high as $17.22. On average, 25516640 shares of DELL exchange hands on a given day and today's volume is recorded at 19066030.

Shares of Glu Mobile, Inc (GLUU) fell by 1.35% or $-0.08/share to $5.83. In the past year, the shares have traded as low as $1.05 and as high as $5.96. On average, 2872460 shares of GLUU exchange hands on a given day and today's volume is recorded at 3165839.

Shares of ARMOUR Residential REIT, Inc (ARR) traded higher by 0.27% or $0.02/share to $7.4. In the past year, the shares have traded as low as $4.97 and as high as $7.59. On average, 2687980 shares of ARR exchange hands on a given day and today's volume is recorded at 1363653.

Shares of Xilinx Inc (XLNX) fell by 0.15% or $-0.05/share to $33.48. In the past year, the shares have traded as low as $23.59 and as high as $37.37. On average, 4385460 shares of XLNX exchange hands on a given day and today's volume is recorded at 4820537.