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Sunday, October 9, 2011

Bearish Wedge Pattern Detected: (MA), (LOPE), (CPHD), (PCG), (PAET)

Upward wedge patterns have been noticed on October 9 for the stocks Mastercard Incorporated, Grand Canyon Education, Inc, Cepheid, PG & E Corp, and PAETEC Holding Corp. 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 Mastercard Incorporated (MA) fell by 1.52% or $-4.81/share to $311.46. In the past year, the shares have traded as low as $214.53 and as high as $361.78. On average, 1558300 shares of MA exchange hands on a given day and today's volume is recorded at 1233153.

Shares of Grand Canyon Education, Inc (LOPE) fell by 1.29% or $-0.21/share to $16.04. In the past year, the shares have traded as low as $12.26 and as high as $23.26. On average, 365640 shares of LOPE exchange hands on a given day and today's volume is recorded at 201764.

Shares of Cepheid (CPHD) fell by 3.19% or $-1.30/share to $39.51. In the past year, the shares have traded as low as $17.45 and as high as $42.65. On average, 793650 shares of CPHD exchange hands on a given day and today's volume is recorded at 830794.

Shares of PG & E Corp (PCG) fell by 0.05% or $-0.02/share to $42.97. In the past year, the shares have traded as low as $37.16 and as high as $46.65. On average, 3028280 shares of PCG exchange hands on a given day and today's volume is recorded at 3798862.

Shares of PAETEC Holding Corp (PAET) fell by 0.74% or $-0.04/share to $5.33. In the past year, the shares have traded as low as $3.00 and as high as $5.84. On average, 2888500 shares of PAET exchange hands on a given day and today's volume is recorded at 1649686.