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Wednesday, August 24, 2011

Technical Upward Wedge: (EXLS), (MITSY), (WIW)

Upward wedge patterns have been noticed on August 24 for the stocks Exlservice Holdings, Inc, Mitsui & Co. Ltd, 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 Exlservice Holdings, Inc (EXLS) traded higher by 2.17% or $0.54/share to $25.4. In the past year, the shares have traded as low as $15.96 and as high as $26.46. On average, 81250 shares of EXLS exchange hands on a given day and today's volume is recorded at 84351.

Shares of Mitsui & Co. Ltd (MITSY) remained unchanged at $327.97. In the past year, the shares have traded as low as $258.18 and as high as $378.98. On average, 2420 shares of MITSY exchange hands on a given day and today's volume is recorded at 0.

Shares of Western Asset/Claymore Inflation- Linked Opportunities & Income Fund (WIW) fell by 1.16% or $-0.15/share to $12.8. In the past year, the shares have traded as low as $11.64 and as high as $12.98. On average, 165360 shares of WIW exchange hands on a given day and today's volume is recorded at 92987.