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Thursday, October 27, 2011

Stocks with Upward Wedge Patterns: (LOPE), (AWK), (PMO), (HANS), (CHD)

Upward wedge patterns have been noticed on October 27 for the stocks Grand Canyon Education, Inc, American Water Works Company, Inc, Putnam Municipal Opportunities Trust, Hansen Natural Corporation, and Church & Dwight Co. 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 Grand Canyon Education, Inc (LOPE) traded higher by 5.57% or $0.91/share to $17.25. In the past year, the shares have traded as low as $12.26 and as high as $20.66. On average, 362680 shares of LOPE exchange hands on a given day and today's volume is recorded at 168952.

Shares of American Water Works Company, Inc (AWK) traded higher by 2.93% or $0.87/share to $30.54. In the past year, the shares have traded as low as $22.93 and as high as $31.08. On average, 1391600 shares of AWK exchange hands on a given day and today's volume is recorded at 1876334.

Shares of Putnam Municipal Opportunities Trust (PMO) remained unchanged at $11.78. In the past year, the shares have traded as low as $9.52 and as high as $11.84. On average, 73140 shares of PMO exchange hands on a given day and today's volume is recorded at 28852.

Shares of Hansen Natural Corporation (HANS) traded higher by 3.85% or $3.20/share to $86.28. In the past year, the shares have traded as low as $48.28 and as high as $96.94. On average, 1363280 shares of HANS exchange hands on a given day and today's volume is recorded at 1429703.

Shares of Church & Dwight Co. Inc (CHD) traded higher by 0.68% or $0.30/share to $44.74. In the past year, the shares have traded as low as $31.58 and as high as $46.29. On average, 890580 shares of CHD exchange hands on a given day and today's volume is recorded at 598295.