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Wednesday, September 28, 2011

Forming Upward Wedge Alert: (CYS), (PRGO), (RGC), (HANS), (EDU)

Upward wedge patterns have been noticed on September 28 for the stocks CYS Investments Inc, Perrigo Co, Regal Entertainment Group, Hansen Natural Corporation, and New Oriental Education & Technology Group. 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 CYS Investments Inc (CYS) fell by 0.49% or $-0.06/share to $12.1. In the past year, the shares have traded as low as $10.56 and as high as $13.22. On average, 2164200 shares of CYS exchange hands on a given day and today's volume is recorded at 1064393.

Shares of Perrigo Co (PRGO) traded higher by 0.10% or $0.10/share to $97.89. In the past year, the shares have traded as low as $58.04 and as high as $100.99. On average, 773350 shares of PRGO exchange hands on a given day and today's volume is recorded at 587532.

Shares of Regal Entertainment Group (RGC) fell by 4.05% or $-0.51/share to $12.2. In the past year, the shares have traded as low as $10.97 and as high as $14.52. On average, 2441780 shares of RGC exchange hands on a given day and today's volume is recorded at 2822274.

Shares of Hansen Natural Corporation (HANS) fell by 0.37% or $-0.33/share to $90.06. In the past year, the shares have traded as low as $45.51 and as high as $94.66. On average, 1349220 shares of HANS exchange hands on a given day and today's volume is recorded at 502287.

Shares of New Oriental Education & Technology Group (EDU) fell by 6.03% or $-1.80/share to $28.05. In the past year, the shares have traded as low as $21.71 and as high as $34.77. On average, 1648830 shares of EDU exchange hands on a given day and today's volume is recorded at 732406.