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Monday, October 3, 2011

Upward Wedge Patterns Shown in Stocks: (AGG), (ACTG), (RGC), (CHD), (IIJI)

Upward wedge patterns have been noticed on October 3 for the stocks iShares Barclays Aggregate Bond, Acacia Research Corporation, Regal Entertainment Group, Church & Dwight Co. Inc, and Internet Initiative Japan 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 iShares Barclays Aggregate Bond (AGG) traded higher by 0.19% or $0.21/share to $110.32. In the past year, the shares have traded as low as $101.67 and as high as $111.03. On average, 1088460 shares of AGG exchange hands on a given day and today's volume is recorded at 2190418.

Shares of Acacia Research Corporation (ACTG) fell by 7.92% or $-2.85/share to $33.14. In the past year, the shares have traded as low as $17.80 and as high as $47.24. On average, 539620 shares of ACTG exchange hands on a given day and today's volume is recorded at 608225.

Shares of Regal Entertainment Group (RGC) traded higher by 2.64% or $0.31/share to $12.05. In the past year, the shares have traded as low as $10.97 and as high as $14.53. On average, 2503740 shares of RGC exchange hands on a given day and today's volume is recorded at 2783182.

Shares of Church & Dwight Co. Inc (CHD) fell by 3.35% or $-1.48/share to $42.72. In the past year, the shares have traded as low as $31.58 and as high as $46.29. On average, 886450 shares of CHD exchange hands on a given day and today's volume is recorded at 574250.

Shares of Internet Initiative Japan Inc (IIJI) fell by 4.03% or $-0.46/share to $10.95. In the past year, the shares have traded as low as $5.08 and as high as $11.78. On average, 25760 shares of IIJI exchange hands on a given day and today's volume is recorded at 36551.