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

Wednesday, July 13, 2011

Upward Wedge Detected: (PMF), (CL), (CBSH), (EDR), (DELL)

Upward wedge patterns have been noticed on July 13 for the stocks PIMCO Municipal Income Fund, Colgate-Palmolive Co, Commerce Bancshares Inc, Education Realty Trust Inc, 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 PIMCO Municipal Income Fund (PMF) fell by 0.75% or $-0.10/share to $13.26. In the past year, the shares have traded as low as $11.23 and as high as $14.25. On average, 42990 shares of PMF exchange hands on a given day and today's volume is recorded at 61517.

Shares of Colgate-Palmolive Co (CL) traded higher by 0.48% or $0.42/share to $88.38. In the past year, the shares have traded as low as $71.61 and as high as $89.36. On average, 2603390 shares of CL exchange hands on a given day and today's volume is recorded at 787325.

Shares of Commerce Bancshares Inc (CBSH) traded higher by 1.65% or $0.71/share to $43.74. In the past year, the shares have traded as low as $34.70 and as high as $44.00. On average, 350080 shares of CBSH exchange hands on a given day and today's volume is recorded at 276978.

Shares of Education Realty Trust Inc (EDR) fell by 0.44% or $-0.04/share to $9.02. In the past year, the shares have traded as low as $5.72 and as high as $9.21. On average, 571550 shares of EDR exchange hands on a given day and today's volume is recorded at 325868.

Shares of Dell Inc (DELL) traded higher by 0.48% or $0.08/share to $16.63. In the past year, the shares have traded as low as $11.34 and as high as $17.22. On average, 26134840 shares of DELL exchange hands on a given day and today's volume is recorded at 8377042.