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Wednesday, October 5, 2011

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

Upward wedge patterns have been noticed on October 5 for the stocks Internet Initiative Japan Inc, iShares Barclays Aggregate Bond, V.F. Corporation, Perrigo Co, and Church & Dwight Co. 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 Internet Initiative Japan Inc (IIJI) fell by 1.26% or $-0.14/share to $10.97. In the past year, the shares have traded as low as $5.08 and as high as $11.78. On average, 25290 shares of IIJI exchange hands on a given day and today's volume is recorded at 5361.

Shares of iShares Barclays Aggregate Bond (AGG) fell by 0.35% or $-0.39/share to $109.62. In the past year, the shares have traded as low as $101.46 and as high as $110.81. On average, 1098700 shares of AGG exchange hands on a given day and today's volume is recorded at 911275.

Shares of V.F. Corporation (VFC) traded higher by 2.21% or $2.73/share to $126.36. In the past year, the shares have traded as low as $76.18 and as high as $132.81. On average, 1168860 shares of VFC exchange hands on a given day and today's volume is recorded at 999153.

Shares of Perrigo Co (PRGO) traded higher by 2.26% or $2.10/share to $94.93. In the past year, the shares have traded as low as $58.04 and as high as $101.00. On average, 814810 shares of PRGO exchange hands on a given day and today's volume is recorded at 384780.

Shares of Church & Dwight Co. Inc (CHD) traded higher by 0.89% or $0.38/share to $43.18. In the past year, the shares have traded as low as $31.58 and as high as $46.29. On average, 894780 shares of CHD exchange hands on a given day and today's volume is recorded at 557081.