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Wednesday, September 21, 2011

Stocks with Upward Wedge Patterns: (RGC), (INSP), (ANV), (SLV), (IIJI)

Upward wedge patterns have been noticed on September 21 for the stocks Regal Entertainment Group, InfoSpace Inc, Allied Nevada Gold Corp, iShares Silver Trust, and Internet Initiative Japan 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 Regal Entertainment Group (RGC) fell by 3.66% or $-0.48/share to $12.65. In the past year, the shares have traded as low as $10.97 and as high as $14.53. On average, 2360940 shares of RGC exchange hands on a given day and today's volume is recorded at 2252306.

Shares of InfoSpace Inc (INSP) fell by 1.75% or $-0.16/share to $8.96. In the past year, the shares have traded as low as $7.33 and as high as $9.85. On average, 260200 shares of INSP exchange hands on a given day and today's volume is recorded at 121894.

Shares of Allied Nevada Gold Corp (ANV) fell by 2.02% or $-0.91/share to $44.2. In the past year, the shares have traded as low as $21.99 and as high as $45.90. On average, 982330 shares of ANV exchange hands on a given day and today's volume is recorded at 561713.

Shares of iShares Silver Trust (SLV) traded higher by 0.39% or $0.15/share to $38.98. In the past year, the shares have traded as low as $20.06 and as high as $48.35. On average, 34626170 shares of SLV exchange hands on a given day and today's volume is recorded at 14914335.

Shares of Internet Initiative Japan Inc (IIJI) fell by 2.73% or $-0.30/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, 29290 shares of IIJI exchange hands on a given day and today's volume is recorded at 6445.