Upward wedge patterns have been noticed on July 17 for the stocks Makita Corp, Greif, Inc, Telecom Corp. of New Zealand Ltd, Owens Corning, and Gabelli Equity Trust, 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 Makita Corp (MKTAY) traded higher by 0.94% or $0.43/share to $46.07. In the past year, the shares have traded as low as $27.89 and as high as $48.10. On average, 16720 shares of MKTAY exchange hands on a given day and today's volume is recorded at 3322.
Shares of Greif, Inc (GEF) traded higher by 0.68% or $0.44/share to $64.8. In the past year, the shares have traded as low as $53.42 and as high as $67.33. On average, 138080 shares of GEF exchange hands on a given day and today's volume is recorded at 130527.
Shares of Telecom Corp. of New Zealand Ltd (NZT) traded higher by 2.15% or $0.22/share to $10.43. In the past year, the shares have traded as low as $6.14 and as high as $10.45. On average, 648530 shares of NZT exchange hands on a given day and today's volume is recorded at 807791.
Shares of Owens Corning (OC) fell by 0.14% or $-0.05/share to $35.84. In the past year, the shares have traded as low as $23.05 and as high as $38.94. On average, 1431550 shares of OC exchange hands on a given day and today's volume is recorded at 956231.
Shares of Gabelli Equity Trust, Inc (GAB) fell by 0.33% or $-0.02/share to $6.06. In the past year, the shares have traded as low as $4.00 and as high as $6.26. On average, 299770 shares of GAB exchange hands on a given day and today's volume is recorded at 198948.
