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Friday, July 1, 2011

Upward Wedge Detected: (PML), (DLR), (CL), (DFT), (TFX)

Upward wedge patterns have been noticed on July 1 for the stocks PIMCO Municipal Income Fund II, Digital Realty Trust Inc, Colgate-Palmolive Co, DuPont Fabros Technology, Inc, and Teleflex Incorporated. 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 II (PML) traded higher by 0.16% or $0.02/share to $10.55. In the past year, the shares have traded as low as $8.95 and as high as $11.37. On average, 100700 shares of PML exchange hands on a given day and today's volume is recorded at 72939.

Shares of Digital Realty Trust Inc (DLR) traded higher by 0.39% or $0.24/share to $62.02. In the past year, the shares have traded as low as $46.34 and as high as $63.55. On average, 965680 shares of DLR exchange hands on a given day and today's volume is recorded at 584353.

Shares of Colgate-Palmolive Co (CL) traded higher by 1.12% or $0.98/share to $88.39. In the past year, the shares have traded as low as $71.61 and as high as $89.36. On average, 2637340 shares of CL exchange hands on a given day and today's volume is recorded at 1309355.

Shares of DuPont Fabros Technology, Inc (DFT) traded higher by 0.63% or $0.16/share to $25.36. In the past year, the shares have traded as low as $19.55 and as high as $26.42. On average, 695840 shares of DFT exchange hands on a given day and today's volume is recorded at 420949.

Shares of Teleflex Incorporated (TFX) traded higher by 2.15% or $1.31/share to $62.37. In the past year, the shares have traded as low as $47.09 and as high as $63.71. On average, 266510 shares of TFX exchange hands on a given day and today's volume is recorded at 111658.