Upward wedge patterns have been noticed on September 22 for the stocks Internet Initiative Japan Inc, SM Energy Company, Allied Nevada Gold Corp, New Oriental Education & Technology Group, and Regal Entertainment 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 Internet Initiative Japan Inc (IIJI) traded higher by 2.49% or $0.26/share to $10.7. In the past year, the shares have traded as low as $5.08 and as high as $11.78. On average, 29030 shares of IIJI exchange hands on a given day and today's volume is recorded at 11776.
Shares of SM Energy Company (SM) fell by 9.60% or $-6.99/share to $65.81. In the past year, the shares have traded as low as $34.83 and as high as $85.55. On average, 1099650 shares of SM exchange hands on a given day and today's volume is recorded at 795350.
Shares of Allied Nevada Gold Corp (ANV) fell by 12.00% or $-5.19/share to $38.05. In the past year, the shares have traded as low as $21.99 and as high as $45.90. On average, 974450 shares of ANV exchange hands on a given day and today's volume is recorded at 1425365.
Shares of New Oriental Education & Technology Group (EDU) fell by 7.98% or $-2.34/share to $27.0. In the past year, the shares have traded as low as $21.71 and as high as $34.77. On average, 1659760 shares of EDU exchange hands on a given day and today's volume is recorded at 1199575.
Shares of Regal Entertainment Group (RGC) fell by 4.84% or $-0.62/share to $12.2. In the past year, the shares have traded as low as $10.97 and as high as $14.53. On average, 2387140 shares of RGC exchange hands on a given day and today's volume is recorded at 1211850.
