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Monday, September 5, 2011

Technical Upward Wedge: (SLV), (LOPE), (EXLS)

Upward wedge patterns have been noticed on September 5 for the stocks iShares Silver Trust, Grand Canyon Education, Inc, 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) traded higher by 4.10% or $1.66/share to $42.18. In the past year, the shares have traded as low as $19.09 and as high as $48.35. On average, 36591360 shares of SLV exchange hands on a given day and today's volume is recorded at 26204260.

Shares of Grand Canyon Education, Inc (LOPE) fell by 2.79% or $-0.42/share to $14.63. In the past year, the shares have traded as low as $12.26 and as high as $23.26. On average, 412680 shares of LOPE exchange hands on a given day and today's volume is recorded at 357498.

Shares of Exlservice Holdings, Inc (EXLS) fell by 1.62% or $-0.42/share to $25.55. In the past year, the shares have traded as low as $16.93 and as high as $26.46. On average, 84720 shares of EXLS exchange hands on a given day and today's volume is recorded at 92423.