Upward wedge patterns have been noticed on August 8 for the stocks Grand Canyon Education, Inc, Zipcar, Inc, BlackRock Muni Intermediate Duration Fund, Inc, CF Industries Holdings, Inc, and Quality Distribution 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 Grand Canyon Education, Inc (LOPE) fell by 3.59% or $-0.58/share to $15.58. In the past year, the shares have traded as low as $12.26 and as high as $23.26. On average, 433680 shares of LOPE exchange hands on a given day and today's volume is recorded at 318740.
Shares of Zipcar, Inc (ZIP) fell by 13.88% or $-3.31/share to $20.54. In the past year, the shares have traded as low as $18.92 and as high as $31.50. On average, 415470 shares of ZIP exchange hands on a given day and today's volume is recorded at 436520.
Shares of BlackRock Muni Intermediate Duration Fund, Inc (MUI) fell by 4.69% or $-0.66/share to $13.41. In the past year, the shares have traded as low as $12.37 and as high as $15.35. On average, 67660 shares of MUI exchange hands on a given day and today's volume is recorded at 202433.
Shares of CF Industries Holdings, Inc (CF) fell by 6.03% or $-8.84/share to $137.81. In the past year, the shares have traded as low as $78.73 and as high as $163.24. On average, 2390930 shares of CF exchange hands on a given day and today's volume is recorded at 4215221.
Shares of Quality Distribution Inc (QLTY) fell by 14.11% or $-1.79/share to $10.9. In the past year, the shares have traded as low as $4.60 and as high as $13.65. On average, 126110 shares of QLTY exchange hands on a given day and today's volume is recorded at 142445.
