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Wednesday, October 12, 2011

Bearish Wedge Pattern Detected: (PAET), (AGG), (LOPE)

Upward wedge patterns have been noticed on October 12 for the stocks PAETEC Holding Corp, iShares Barclays Aggregate Bond, 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 PAETEC Holding Corp (PAET) traded higher by 1.65% or $0.09/share to $5.53. In the past year, the shares have traded as low as $3.00 and as high as $5.84. On average, 2934340 shares of PAET exchange hands on a given day and today's volume is recorded at 388934.

Shares of iShares Barclays Aggregate Bond (AGG) fell by 0.16% or $-0.17/share to $109.09. In the past year, the shares have traded as low as $101.46 and as high as $110.81. On average, 1140830 shares of AGG exchange hands on a given day and today's volume is recorded at 987738.

Shares of Grand Canyon Education, Inc (LOPE) traded higher by 4.14% or $0.68/share to $17.12. In the past year, the shares have traded as low as $12.26 and as high as $23.26. On average, 368220 shares of LOPE exchange hands on a given day and today's volume is recorded at 378849.