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Thursday, October 6, 2011

Bearish Upward Wedge Detected: (IIJI), (CPHD), (PCG), (MA)

Upward wedge patterns have been noticed on October 6 for the stocks Internet Initiative Japan Inc, Cepheid, PG & E Corp, and Mastercard Incorporated. 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 0.64% or $-0.07/share to $10.9. In the past year, the shares have traded as low as $5.08 and as high as $11.78. On average, 24910 shares of IIJI exchange hands on a given day and today's volume is recorded at 3253.

Shares of Cepheid (CPHD) fell by 1.06% or $-0.43/share to $40.23. In the past year, the shares have traded as low as $17.45 and as high as $42.65. On average, 783910 shares of CPHD exchange hands on a given day and today's volume is recorded at 707169.

Shares of PG & E Corp (PCG) traded higher by 3.89% or $1.61/share to $43.0. In the past year, the shares have traded as low as $37.17 and as high as $46.65. On average, 2958430 shares of PCG exchange hands on a given day and today's volume is recorded at 4911841.

Shares of Mastercard Incorporated (MA) fell by 0.33% or $-1.03/share to $312.31. In the past year, the shares have traded as low as $214.53 and as high as $361.76. On average, 1554660 shares of MA exchange hands on a given day and today's volume is recorded at 919900.