Upward wedge patterns have been noticed on September 21 for the stocks New Oriental Education & Technology Group, and Akorn, 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 New Oriental Education & Technology Group (EDU) fell by 8.23% or $-2.66/share to $29.68. In the past year, the shares have traded as low as $21.71 and as high as $34.77. On average, 1663820 shares of EDU exchange hands on a given day and today's volume is recorded at 1457399.
Shares of Akorn, Inc (AKRX) fell by 2.17% or $-0.20/share to $9.02. In the past year, the shares have traded as low as $3.76 and as high as $9.50. On average, 1011150 shares of AKRX exchange hands on a given day and today's volume is recorded at 690644.
