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Wednesday, October 5, 2011

Stocks with Upward Wedge Patterns: (CPHD), (LOPE)

Upward wedge patterns have been noticed on October 5 for the stocks Cepheid, 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 Cepheid (CPHD) traded higher by 0.12% or $0.05/share to $40.95. In the past year, the shares have traded as low as $17.45 and as high as $41.00. On average, 765490 shares of CPHD exchange hands on a given day and today's volume is recorded at 1256762.

Shares of Grand Canyon Education, Inc (LOPE) traded higher by 5.30% or $0.82/share to $16.3. In the past year, the shares have traded as low as $12.26 and as high as $23.26. On average, 362220 shares of LOPE exchange hands on a given day and today's volume is recorded at 245569.