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Tuesday, October 11, 2011

Upward Wedge Patterns Shown in Stocks: (IIJI), (AGG), (PCG), (CPHD), (PRA)

Upward wedge patterns have been noticed on October 11 for the stocks Internet Initiative Japan Inc, iShares Barclays Aggregate Bond, PG & E Corp, Cepheid, and ProAssurance Corporation. 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 Internet Initiative Japan Inc (IIJI) fell by 1.29% or $-0.14/share to $10.71. In the past year, the shares have traded as low as $5.08 and as high as $11.78. On average, 23420 shares of IIJI exchange hands on a given day and today's volume is recorded at 75221.

Shares of iShares Barclays Aggregate Bond (AGG) traded higher by 0.16% or $0.17/share to $109.18. In the past year, the shares have traded as low as $101.46 and as high as $110.81. On average, 1117140 shares of AGG exchange hands on a given day and today's volume is recorded at 1745506.

Shares of PG & E Corp (PCG) fell by 2.13% or $-0.92/share to $42.32. In the past year, the shares have traded as low as $37.17 and as high as $46.65. On average, 3086010 shares of PCG exchange hands on a given day and today's volume is recorded at 2341519.

Shares of Cepheid (CPHD) fell by 2.82% or $-1.14/share to $39.27. In the past year, the shares have traded as low as $17.45 and as high as $42.65. On average, 799100 shares of CPHD exchange hands on a given day and today's volume is recorded at 565760.

Shares of ProAssurance Corporation (PRA) fell by 0.52% or $-0.40/share to $76.5. In the past year, the shares have traded as low as $56.74 and as high as $77.52. On average, 185080 shares of PRA exchange hands on a given day and today's volume is recorded at 69155.