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Monday, October 17, 2011

Forming Upward Wedge Alert: (PRGO), (IIJI), (PCG), (PAET), (CPHD)

Upward wedge patterns have been noticed on October 17 for the stocks Perrigo Co, Internet Initiative Japan Inc, PG & E Corp, PAETEC Holding Corp, and Cepheid. 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 Perrigo Co (PRGO) fell by 0.25% or $-0.24/share to $97.65. In the past year, the shares have traded as low as $58.04 and as high as $100.99. On average, 815410 shares of PRGO exchange hands on a given day and today's volume is recorded at 723409.

Shares of Internet Initiative Japan Inc (IIJI) fell by 4.51% or $-0.47/share to $9.93. In the past year, the shares have traded as low as $5.08 and as high as $11.78. On average, 24460 shares of IIJI exchange hands on a given day and today's volume is recorded at 31688.

Shares of PG & E Corp (PCG) fell by 0.38% or $-0.16/share to $42.34. In the past year, the shares have traded as low as $37.17 and as high as $46.65. On average, 3148470 shares of PCG exchange hands on a given day and today's volume is recorded at 1741830.

Shares of PAETEC Holding Corp (PAET) fell by 0.54% or $-0.03/share to $5.56. In the past year, the shares have traded as low as $3.00 and as high as $5.84. On average, 2923200 shares of PAET exchange hands on a given day and today's volume is recorded at 466994.

Shares of Cepheid (CPHD) fell by 2.99% or $-1.20/share to $38.96. In the past year, the shares have traded as low as $17.45 and as high as $42.65. On average, 807510 shares of CPHD exchange hands on a given day and today's volume is recorded at 420159.