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Thursday, October 13, 2011

Forming Upward Wedge Alert: (LOPE), (IIJI), (AGG), (PCG), (VFC)

Upward wedge patterns have been noticed on October 13 for the stocks Grand Canyon Education, Inc, Internet Initiative Japan Inc, iShares Barclays Aggregate Bond, PG & E Corp, and V.F. Corporation. 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 Grand Canyon Education, Inc (LOPE) fell by 0.59% or $-0.10/share to $16.98. In the past year, the shares have traded as low as $12.26 and as high as $23.26. On average, 371500 shares of LOPE exchange hands on a given day and today's volume is recorded at 165425.

Shares of Internet Initiative Japan Inc (IIJI) fell by 3.89% or $-0.42/share to $10.39. In the past year, the shares have traded as low as $5.08 and as high as $11.78. On average, 24280 shares of IIJI exchange hands on a given day and today's volume is recorded at 21795.

Shares of iShares Barclays Aggregate Bond (AGG) traded higher by 0.09% or $0.10/share to $109.16. In the past year, the shares have traded as low as $101.46 and as high as $110.81. On average, 1147590 shares of AGG exchange hands on a given day and today's volume is recorded at 697710.

Shares of PG & E Corp (PCG) traded higher by 1.17% or $0.49/share to $42.31. In the past year, the shares have traded as low as $37.17 and as high as $46.65. On average, 3116500 shares of PCG exchange hands on a given day and today's volume is recorded at 2799542.

Shares of V.F. Corporation (VFC) traded higher by 0.59% or $0.77/share to $131.53. In the past year, the shares have traded as low as $76.18 and as high as $134.61. On average, 1179150 shares of VFC exchange hands on a given day and today's volume is recorded at 736985.