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Tuesday, August 23, 2011

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

Upward wedge patterns have been noticed on August 24 for the stocks Western Asset/Claymore Inflation- Linked Opportunities & Income Fund, 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 Western Asset/Claymore Inflation- Linked Opportunities & Income Fund (WIW) traded higher by 0.25% or $0.03/share to $12.94. In the past year, the shares have traded as low as $11.63 and as high as $12.98. On average, 163290 shares of WIW exchange hands on a given day and today's volume is recorded at 199207.

Shares of Exlservice Holdings, Inc (EXLS) traded higher by 3.42% or $0.81/share to $24.46. In the past year, the shares have traded as low as $15.96 and as high as $26.46. On average, 80430 shares of EXLS exchange hands on a given day and today's volume is recorded at 49590.

Shares of Mitsui & Co. Ltd (MITSY) remained unchanged at $323.89. In the past year, the shares have traded as low as $258.18 and as high as $379.00. On average, 2780 shares of MITSY exchange hands on a given day and today's volume is recorded at 0.