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Sunday, October 9, 2011

Bearish Technical Upward Wedge: (CHD), (PRGO), (VFC), (AGG), (IIJI)

Upward wedge patterns have been noticed on October 9 for the stocks Church & Dwight Co. Inc, Perrigo Co, V.F. Corporation, iShares Barclays Aggregate Bond, 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 Church & Dwight Co. Inc (CHD) fell by 0.61% or $-0.27/share to $44.14. In the past year, the shares have traded as low as $31.58 and as high as $46.29. On average, 897340 shares of CHD exchange hands on a given day and today's volume is recorded at 571564.

Shares of Perrigo Co (PRGO) fell by 2.06% or $-2.00/share to $95.31. In the past year, the shares have traded as low as $58.03 and as high as $100.99. On average, 817780 shares of PRGO exchange hands on a given day and today's volume is recorded at 529788.

Shares of V.F. Corporation (VFC) traded higher by 0.60% or $0.77/share to $129.48. In the past year, the shares have traded as low as $76.18 and as high as $132.81. On average, 1182910 shares of VFC exchange hands on a given day and today's volume is recorded at 1161686.

Shares of iShares Barclays Aggregate Bond (AGG) fell by 0.20% or $-0.22/share to $109.23. In the past year, the shares have traded as low as $101.47 and as high as $110.81. On average, 1113280 shares of AGG exchange hands on a given day and today's volume is recorded at 1513760.

Shares of Internet Initiative Japan Inc (IIJI) fell by 2.94% or $-0.32/share to $10.55. In the past year, the shares have traded as low as $5.08 and as high as $11.78. On average, 24640 shares of IIJI exchange hands on a given day and today's volume is recorded at 11344.