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Sunday, October 30, 2011

Stocks with Upward Wedge Patterns: (V), (PRGO), (IILG), (PMO), (PCG)

Upward wedge patterns have been noticed on October 30 for the stocks Visa, Inc, Perrigo Co, Interval Leisure Group, Inc, Putnam Municipal Opportunities Trust, 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 Visa, Inc (V) traded higher by 0.74% or $0.70/share to $95.1. In the past year, the shares have traded as low as $66.12 and as high as $94.75. On average, 5920940 shares of V exchange hands on a given day and today's volume is recorded at 5820034.

Shares of Perrigo Co (PRGO) fell by 0.55% or $-0.50/share to $89.94. In the past year, the shares have traded as low as $58.04 and as high as $101.46. On average, 907530 shares of PRGO exchange hands on a given day and today's volume is recorded at 1224398.

Shares of Interval Leisure Group, Inc (IILG) fell by 1.87% or $-0.27/share to $14.14. In the past year, the shares have traded as low as $10.19 and as high as $17.94. On average, 228630 shares of IILG exchange hands on a given day and today's volume is recorded at 133931.

Shares of Putnam Municipal Opportunities Trust (PMO) traded higher by 0.09% or $0.01/share to $11.75. In the past year, the shares have traded as low as $9.52 and as high as $11.85. On average, 72040 shares of PMO exchange hands on a given day and today's volume is recorded at 25664.

Shares of PG & E Corp (PCG) fell by 0.51% or $-0.22/share to $42.94. In the past year, the shares have traded as low as $37.16 and as high as $46.65. On average, 3293400 shares of PCG exchange hands on a given day and today's volume is recorded at 3305399.