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Thursday, October 27, 2011

Bearish Upward Wedge Detected: (TAC), (PRGO), (VFC)

Upward wedge patterns have been noticed on October 27 for the stocks TransAlta Corp, Perrigo Co, and V.F. Corporation. 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 TransAlta Corp (TAC) traded higher by 2.89% or $0.64/share to $22.77. In the past year, the shares have traded as low as $18.75 and as high as $23.09. On average, 58550 shares of TAC exchange hands on a given day and today's volume is recorded at 37998.

Shares of Perrigo Co (PRGO) fell by 7.12% or $-7.04/share to $91.8. In the past year, the shares have traded as low as $58.04 and as high as $101.46. On average, 843550 shares of PRGO exchange hands on a given day and today's volume is recorded at 3663805.

Shares of V.F. Corporation (VFC) traded higher by 4.28% or $5.73/share to $139.67. In the past year, the shares have traded as low as $76.19 and as high as $139.64. On average, 1109810 shares of VFC exchange hands on a given day and today's volume is recorded at 1032584.