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Sunday, October 2, 2011

Bearish Wedge Pattern Detected: (IIJI), (CHD), (HANS), (AGG), (PRGO)

Upward wedge patterns have been noticed on October 2 for the stocks Internet Initiative Japan Inc, Church & Dwight Co. Inc, Hansen Natural Corporation, iShares Barclays Aggregate Bond, 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 Internet Initiative Japan Inc (IIJI) traded higher by 3.45% or $0.38/share to $11.41. In the past year, the shares have traded as low as $5.08 and as high as $11.78. On average, 26440 shares of IIJI exchange hands on a given day and today's volume is recorded at 22727.

Shares of Church & Dwight Co. Inc (CHD) fell by 0.65% or $-0.29/share to $44.2. In the past year, the shares have traded as low as $31.58 and as high as $46.29. On average, 881540 shares of CHD exchange hands on a given day and today's volume is recorded at 1112621.

Shares of Hansen Natural Corporation (HANS) fell by 1.17% or $-1.03/share to $87.29. In the past year, the shares have traded as low as $45.51 and as high as $94.66. On average, 1331280 shares of HANS exchange hands on a given day and today's volume is recorded at 712260.

Shares of iShares Barclays Aggregate Bond (AGG) traded higher by 0.37% or $0.41/share to $110.11. In the past year, the shares have traded as low as $101.66 and as high as $111.03. On average, 1092750 shares of AGG exchange hands on a given day and today's volume is recorded at 1020607.

Shares of Perrigo Co (PRGO) fell by 1.44% or $-1.42/share to $97.11. In the past year, the shares have traded as low as $58.04 and as high as $100.99. On average, 787300 shares of PRGO exchange hands on a given day and today's volume is recorded at 918635.