Upward wedge patterns have been noticed on July 13 for the stocks PIMCO Municipal Income Fund II, Matthews International Corporation, American Greetings Corp, Invesco Van Kampen Pennsylvania Value Municipal Income Trust, and ARMOUR Residential REIT, 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 II (PML) fell by 0.19% or $-0.02/share to $10.73. In the past year, the shares have traded as low as $8.89 and as high as $11.29. On average, 99220 shares of PML exchange hands on a given day and today's volume is recorded at 44165.
Shares of Matthews International Corporation (MATW) traded higher by 0.36% or $0.14/share to $38.81. In the past year, the shares have traded as low as $29.12 and as high as $41.08. On average, 96720 shares of MATW exchange hands on a given day and today's volume is recorded at 36533.
Shares of American Greetings Corp (AM) traded higher by 1.57% or $0.36/share to $23.35. In the past year, the shares have traded as low as $17.55 and as high as $24.68. On average, 285480 shares of AM exchange hands on a given day and today's volume is recorded at 165001.
Shares of Invesco Van Kampen Pennsylvania Value Municipal Income Trust (VPV) fell by 0.15% or $-0.02/share to $12.94. In the past year, the shares have traded as low as $11.31 and as high as $14.28. On average, 23260 shares of VPV exchange hands on a given day and today's volume is recorded at 18248.
Shares of ARMOUR Residential REIT, Inc (ARR) fell by 1.71% or $-0.13/share to $7.46. In the past year, the shares have traded as low as $5.04 and as high as $7.71. On average, 2649170 shares of ARR exchange hands on a given day and today's volume is recorded at 2057435.
