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Wednesday, August 31, 2011

Technical Upward Wedge: (LOPE), (AUQ), (EXLS), (MITSY)

Upward wedge patterns have been noticed on August 31 for the stocks Grand Canyon Education, Inc, AuRico Gold Inc. Ordinary Share, Exlservice Holdings, Inc, and Mitsui & Co. Ltd. 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 Grand Canyon Education, Inc (LOPE) fell by 1.59% or $-0.25/share to $15.5. In the past year, the shares have traded as low as $12.26 and as high as $23.26. On average, 425200 shares of LOPE exchange hands on a given day and today's volume is recorded at 99196.

Shares of AuRico Gold Inc. Ordinary Share (AUQ) fell by 0.94% or $-0.11/share to $11.59. In the past year, the shares have traded as low as $6.15 and as high as $14.17. On average, 1748930 shares of AUQ exchange hands on a given day and today's volume is recorded at 1835596.

Shares of Exlservice Holdings, Inc (EXLS) fell by 0.74% or $-0.19/share to $25.61. In the past year, the shares have traded as low as $16.47 and as high as $26.46. On average, 84750 shares of EXLS exchange hands on a given day and today's volume is recorded at 48403.

Shares of Mitsui & Co. Ltd (MITSY) remained unchanged at $326.25. In the past year, the shares have traded as low as $258.19 and as high as $379.01. On average, 2420 shares of MITSY exchange hands on a given day and today's volume is recorded at 0.