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Sunday, August 21, 2011

Stocks with Upward Wedge Patterns: (MITSY), (EXLS), (WIW)

Upward wedge patterns have been noticed on August 21 for the stocks Mitsui & Co. Ltd, Exlservice Holdings, Inc, and Western Asset/Claymore Inflation- Linked Opportunities & Income Fund. 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 Mitsui & Co. Ltd (MITSY) remained unchanged at $325.98. In the past year, the shares have traded as low as $258.18 and as high as $379.00. On average, 4650 shares of MITSY exchange hands on a given day and today's volume is recorded at 0.

Shares of Exlservice Holdings, Inc (EXLS) fell by 0.59% or $-0.14/share to $23.62. In the past year, the shares have traded as low as $15.96 and as high as $26.46. On average, 81650 shares of EXLS exchange hands on a given day and today's volume is recorded at 97212.

Shares of Western Asset/Claymore Inflation- Linked Opportunities & Income Fund (WIW) fell by 0.92% or $-0.12/share to $12.86. In the past year, the shares have traded as low as $11.63 and as high as $12.98. On average, 160330 shares of WIW exchange hands on a given day and today's volume is recorded at 252966.