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Friday, October 14, 2011

Bearish Upward Wedge Detected: (VFC), (PRGO), (PCG), (PAET), (IIJI)

Upward wedge patterns have been noticed on October 14 for the stocks V.F. Corporation, Perrigo Co, PG & E Corp, PAETEC Holding Corp, and Internet Initiative Japan 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 V.F. Corporation (VFC) traded higher by 0.98% or $1.29/share to $132.94. In the past year, the shares have traded as low as $76.18 and as high as $134.61. On average, 1165400 shares of VFC exchange hands on a given day and today's volume is recorded at 343937.

Shares of Perrigo Co (PRGO) traded higher by 0.15% or $0.15/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, 818110 shares of PRGO exchange hands on a given day and today's volume is recorded at 214246.

Shares of PG & E Corp (PCG) traded higher by 0.40% or $0.17/share to $42.44. In the past year, the shares have traded as low as $37.17 and as high as $46.65. On average, 3138960 shares of PCG exchange hands on a given day and today's volume is recorded at 1201387.

Shares of PAETEC Holding Corp (PAET) traded higher by 2.38% or $0.13/share to $5.6. In the past year, the shares have traded as low as $3.00 and as high as $5.84. On average, 2920910 shares of PAET exchange hands on a given day and today's volume is recorded at 627447.

Shares of Internet Initiative Japan Inc (IIJI) fell by 0.29% or $-0.03/share to $10.35. In the past year, the shares have traded as low as $5.08 and as high as $11.78. On average, 24390 shares of IIJI exchange hands on a given day and today's volume is recorded at 17384.