Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, September 15, 2011

Technical Upward Wedge: (AKRX), (SLV), (RGC)

Upward wedge patterns have been noticed on September 15 for the stocks Akorn, Inc, iShares Silver Trust, 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 Akorn, Inc (AKRX) fell by 1.16% or $-0.10/share to $8.5. In the past year, the shares have traded as low as $3.72 and as high as $8.61. On average, 986690 shares of AKRX exchange hands on a given day and today's volume is recorded at 432363.

Shares of iShares Silver Trust (SLV) fell by 2.19% or $-0.87/share to $38.73. In the past year, the shares have traded as low as $19.99 and as high as $48.35. On average, 34974930 shares of SLV exchange hands on a given day and today's volume is recorded at 20513444.

Shares of Regal Entertainment Group (RGC) traded higher by 1.37% or $0.17/share to $12.58. In the past year, the shares have traded as low as $10.93 and as high as $14.53. On average, 2447930 shares of RGC exchange hands on a given day and today's volume is recorded at 801787.