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Thursday, September 29, 2011

Stocks with Upward Wedge Patterns: (AGG), (RGC), (HANS)

Upward wedge patterns have been noticed on September 29 for the stocks iShares Barclays Aggregate Bond, Regal Entertainment Group, and Hansen Natural Corporation. 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 iShares Barclays Aggregate Bond (AGG) traded higher by 0.04% or $0.04/share to $109.78. In the past year, the shares have traded as low as $101.67 and as high as $111.03. On average, 1119450 shares of AGG exchange hands on a given day and today's volume is recorded at 330897.

Shares of Regal Entertainment Group (RGC) fell by 0.66% or $-0.08/share to $11.98. In the past year, the shares have traded as low as $10.97 and as high as $14.53. On average, 2476570 shares of RGC exchange hands on a given day and today's volume is recorded at 1587296.

Shares of Hansen Natural Corporation (HANS) fell by 2.70% or $-2.41/share to $86.89. In the past year, the shares have traded as low as $45.51 and as high as $94.66. On average, 1337770 shares of HANS exchange hands on a given day and today's volume is recorded at 389434.