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Thursday, July 14, 2011

Upward Wedge Detected: (TFX), (VPV), (AM), (HURN), (NTT)

Upward wedge patterns have been noticed on July 14 for the stocks Teleflex Incorporated, Invesco Van Kampen Pennsylvania Value Municipal Income Trust, American Greetings Corp, Huron Consulting Group Inc, and Nippon Telegraph & Telephone Corp. 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 Teleflex Incorporated (TFX) fell by 1.35% or $-0.85/share to $62.0. In the past year, the shares have traded as low as $47.09 and as high as $63.71. On average, 273030 shares of TFX exchange hands on a given day and today's volume is recorded at 154351.

Shares of Invesco Van Kampen Pennsylvania Value Municipal Income Trust (VPV) fell by 0.54% or $-0.07/share to $12.95. In the past year, the shares have traded as low as $11.24 and as high as $14.19. On average, 23410 shares of VPV exchange hands on a given day and today's volume is recorded at 7209.

Shares of American Greetings Corp (AM) fell by 0.56% or $-0.13/share to $23.17. In the past year, the shares have traded as low as $17.55 and as high as $24.68. On average, 287970 shares of AM exchange hands on a given day and today's volume is recorded at 172529.

Shares of Huron Consulting Group Inc (HURN) fell by 1.44% or $-0.43/share to $29.51. In the past year, the shares have traded as low as $18.31 and as high as $31.63. On average, 103260 shares of HURN exchange hands on a given day and today's volume is recorded at 17828.

Shares of Nippon Telegraph & Telephone Corp (NTT) traded higher by 0.21% or $0.05/share to $24.36. In the past year, the shares have traded as low as $20.66 and as high as $25.18. On average, 400440 shares of NTT exchange hands on a given day and today's volume is recorded at 140291.