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Monday, October 10, 2011

Upward Wedge Patterns Shown in Stocks: (VFC), (CPHD), (PAET)

Upward wedge patterns have been noticed on October 10 for the stocks V.F. Corporation, Cepheid, 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) traded higher by 1.86% or $2.41/share to $131.89. In the past year, the shares have traded as low as $76.18 and as high as $132.82. On average, 1185840 shares of VFC exchange hands on a given day and today's volume is recorded at 1007470.

Shares of Cepheid (CPHD) traded higher by 1.65% or $0.65/share to $40.16. In the past year, the shares have traded as low as $17.45 and as high as $42.65. On average, 792230 shares of CPHD exchange hands on a given day and today's volume is recorded at 797305.

Shares of PAETEC Holding Corp (PAET) traded higher by 0.28% or $0.01/share to $5.34. In the past year, the shares have traded as low as $3.00 and as high as $5.83. On average, 2905910 shares of PAET exchange hands on a given day and today's volume is recorded at 1196262.