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Tuesday, October 25, 2011

Bearish Upward Wedge Detected: (LOPE), (IILG), (SPIL), (PMO), (CHD)

Upward wedge patterns have been noticed on October 25 for the stocks Grand Canyon Education, Inc, Interval Leisure Group, Inc, Siliconware Precision Industries Co. Ltd, Putnam Municipal Opportunities Trust, 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 Grand Canyon Education, Inc (LOPE) fell by 1.08% or $-0.18/share to $16.46. In the past year, the shares have traded as low as $12.26 and as high as $21.59. On average, 362720 shares of LOPE exchange hands on a given day and today's volume is recorded at 243832.

Shares of Interval Leisure Group, Inc (IILG) fell by 1.93% or $-0.27/share to $13.73. In the past year, the shares have traded as low as $10.19 and as high as $17.94. On average, 221910 shares of IILG exchange hands on a given day and today's volume is recorded at 31768.

Shares of Siliconware Precision Industries Co. Ltd (SPIL) traded higher by 0.94% or $0.05/share to $5.36. In the past year, the shares have traded as low as $3.92 and as high as $6.89. On average, 2150140 shares of SPIL exchange hands on a given day and today's volume is recorded at 2403053.

Shares of Putnam Municipal Opportunities Trust (PMO) fell by 0.54% or $-0.06/share to $11.75. In the past year, the shares have traded as low as $9.52 and as high as $11.84. On average, 72880 shares of PMO exchange hands on a given day and today's volume is recorded at 43288.

Shares of Church & Dwight Co. Inc (CHD) fell by 0.67% or $-0.30/share to $44.15. In the past year, the shares have traded as low as $31.58 and as high as $46.29. On average, 884330 shares of CHD exchange hands on a given day and today's volume is recorded at 349537.