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Monday, October 10, 2011

Bearish Wedge Pattern Detected: (AGG), (PRGO), (IIJI), (PCG), (LOPE)

Upward wedge patterns have been noticed on October 10 for the stocks iShares Barclays Aggregate Bond, Perrigo Co, Internet Initiative Japan Inc, PG & E Corp, and Grand Canyon Education, 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 iShares Barclays Aggregate Bond (AGG) fell by 0.23% or $-0.25/share to $108.98. In the past year, the shares have traded as low as $101.46 and as high as $110.81. On average, 1116700 shares of AGG exchange hands on a given day and today's volume is recorded at 586611.

Shares of Perrigo Co (PRGO) traded higher by 2.59% or $2.47/share to $97.78. In the past year, the shares have traded as low as $58.04 and as high as $100.99. On average, 821370 shares of PRGO exchange hands on a given day and today's volume is recorded at 477513.

Shares of Internet Initiative Japan Inc (IIJI) traded higher by 2.18% or $0.23/share to $10.78. In the past year, the shares have traded as low as $5.08 and as high as $11.78. On average, 24090 shares of IIJI exchange hands on a given day and today's volume is recorded at 8335.

Shares of PG & E Corp (PCG) traded higher by 0.30% or $0.13/share to $43.1. In the past year, the shares have traded as low as $37.16 and as high as $46.65. On average, 3060530 shares of PCG exchange hands on a given day and today's volume is recorded at 2268850.

Shares of Grand Canyon Education, Inc (LOPE) traded higher by 0.25% or $0.04/share to $16.08. In the past year, the shares have traded as low as $12.26 and as high as $23.26. On average, 364090 shares of LOPE exchange hands on a given day and today's volume is recorded at 130534.