Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, October 13, 2011

Bearish Upward Wedge Detected: (PAET), (PRGO)

Upward wedge patterns have been noticed on October 13 for the stocks PAETEC Holding Corp, and Perrigo Co. 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 PAETEC Holding Corp (PAET) fell by 0.27% or $-0.01/share to $5.49. In the past year, the shares have traded as low as $3.00 and as high as $5.85. On average, 2932370 shares of PAET exchange hands on a given day and today's volume is recorded at 401088.

Shares of Perrigo Co (PRGO) traded higher by 0.67% or $0.65/share to $97.84. In the past year, the shares have traded as low as $58.03 and as high as $100.99. On average, 827360 shares of PRGO exchange hands on a given day and today's volume is recorded at 264016.