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Monday, August 22, 2011

Upward Wedge Patterns Shown in Stocks: (MITSY), (EXLS), (WIW)

Upward wedge patterns have been noticed on August 22 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 $328.0. In the past year, the shares have traded as low as $258.19 and as high as $379.02. On average, 2870 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 0.09% or $-0.02/share to $23.6. In the past year, the shares have traded as low as $15.96 and as high as $26.46. On average, 80900 shares of EXLS exchange hands on a given day and today's volume is recorded at 40535.

Shares of Western Asset/Claymore Inflation- Linked Opportunities & Income Fund (WIW) traded higher by 0.47% or $0.06/share to $12.92. In the past year, the shares have traded as low as $11.64 and as high as $12.98. On average, 162630 shares of WIW exchange hands on a given day and today's volume is recorded at 105920.