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Thursday, August 18, 2011

Upward Wedge Detected: (WIW), (EXLS)

Upward wedge patterns have been noticed on August 18 for the stocks Western Asset/Claymore Inflation- Linked Opportunities & Income Fund, and Exlservice Holdings, 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 Western Asset/Claymore Inflation- Linked Opportunities & Income Fund (WIW) traded higher by 0.31% or $0.04/share to $12.97. In the past year, the shares have traded as low as $11.64 and as high as $12.94. On average, 154340 shares of WIW exchange hands on a given day and today's volume is recorded at 339428.

Shares of Exlservice Holdings, Inc (EXLS) fell by 3.23% or $-0.79/share to $23.65. In the past year, the shares have traded as low as $15.96 and as high as $26.46. On average, 80390 shares of EXLS exchange hands on a given day and today's volume is recorded at 51662.