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Friday, October 7, 2011

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

Upward wedge patterns have been noticed on October 7 for the stocks V.F. Corporation, Cepheid, Grand Canyon Education, Inc, iShares Barclays Aggregate Bond, and PG & E 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 V.F. Corporation (VFC) traded higher by 1.14% or $1.47/share to $130.18. In the past year, the shares have traded as low as $76.18 and as high as $132.82. On average, 1182910 shares of VFC exchange hands on a given day and today's volume is recorded at 987244.

Shares of Cepheid (CPHD) fell by 2.01% or $-0.82/share to $39.99. 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 610816.

Shares of Grand Canyon Education, Inc (LOPE) fell by 0.55% or $-0.09/share to $16.16. 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 151107.

Shares of iShares Barclays Aggregate Bond (AGG) fell by 0.26% or $-0.28/share to $109.17. In the past year, the shares have traded as low as $101.46 and as high as $110.81. On average, 1113280 shares of AGG exchange hands on a given day and today's volume is recorded at 1291165.

Shares of PG & E Corp (PCG) traded higher by 0.35% or $0.15/share to $43.14. 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 2779707.