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Tuesday, October 11, 2011

Forming Upward Wedge Alert: (VFC), (PRGO), (LOPE), (PAET)

Upward wedge patterns have been noticed on October 11 for the stocks V.F. Corporation, Perrigo Co, Grand Canyon Education, Inc, 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 V.F. Corporation (VFC) fell by 1.43% or $-1.90/share to $131.12. In the past year, the shares have traded as low as $76.18 and as high as $133.66. On average, 1193940 shares of VFC exchange hands on a given day and today's volume is recorded at 593278.

Shares of Perrigo Co (PRGO) traded higher by 0.04% or $0.04/share to $98.37. In the past year, the shares have traded as low as $58.04 and as high as $100.99. On average, 825520 shares of PRGO exchange hands on a given day and today's volume is recorded at 365767.

Shares of Grand Canyon Education, Inc (LOPE) traded higher by 1.48% or $0.24/share to $16.5. In the past year, the shares have traded as low as $12.26 and as high as $23.26. On average, 363840 shares of LOPE exchange hands on a given day and today's volume is recorded at 409431.

Shares of PAETEC Holding Corp (PAET) traded higher by 0.37% or $0.02/share to $5.4. In the past year, the shares have traded as low as $3.00 and as high as $5.84. On average, 2920330 shares of PAET exchange hands on a given day and today's volume is recorded at 808290.