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Tuesday, September 6, 2011

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

Upward wedge patterns have been noticed on September 6 for the stocks Exlservice Holdings, Inc, Grand Canyon Education, Inc, and iShares Silver Trust. 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 Exlservice Holdings, Inc (EXLS) fell by 2.07% or $-0.53/share to $25.02. In the past year, the shares have traded as low as $16.93 and as high as $26.46. On average, 85640 shares of EXLS exchange hands on a given day and today's volume is recorded at 53157.

Shares of Grand Canyon Education, Inc (LOPE) fell by 0.55% or $-0.08/share to $14.55. In the past year, the shares have traded as low as $12.26 and as high as $23.26. On average, 378870 shares of LOPE exchange hands on a given day and today's volume is recorded at 191922.

Shares of iShares Silver Trust (SLV) fell by 3.63% or $-1.53/share to $40.65. In the past year, the shares have traded as low as $19.10 and as high as $48.35. On average, 36050210 shares of SLV exchange hands on a given day and today's volume is recorded at 26577744.