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Friday, September 9, 2011

Technical Upward Wedge: (SLV), (EXLS)

Upward wedge patterns have been noticed on September 9 for the stocks iShares Silver Trust, and Exlservice Holdings, 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 iShares Silver Trust (SLV) fell by 1.50% or $-0.62/share to $40.6. In the past year, the shares have traded as low as $19.31 and as high as $48.35. On average, 35603280 shares of SLV exchange hands on a given day and today's volume is recorded at 17328048.

Shares of Exlservice Holdings, Inc (EXLS) fell by 3.73% or $-0.95/share to $24.54. In the past year, the shares have traded as low as $17.40 and as high as $26.55. On average, 90450 shares of EXLS exchange hands on a given day and today's volume is recorded at 36672.