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Wednesday, October 12, 2011

Upward Wedge Patterns Shown in Stocks: (CPHD), (IIJI), (VFC), (PCG), (PRGO)

Upward wedge patterns have been noticed on October 12 for the stocks Cepheid, Internet Initiative Japan Inc, V.F. Corporation, PG & E Corp, and Perrigo Co. 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 Cepheid (CPHD) traded higher by 0.25% or $0.10/share to $39.4. In the past year, the shares have traded as low as $17.45 and as high as $42.65. On average, 801260 shares of CPHD exchange hands on a given day and today's volume is recorded at 477758.

Shares of Internet Initiative Japan Inc (IIJI) traded higher by 1.02% or $0.11/share to $10.86. In the past year, the shares have traded as low as $5.08 and as high as $11.78. On average, 24300 shares of IIJI exchange hands on a given day and today's volume is recorded at 14973.

Shares of V.F. Corporation (VFC) traded higher by 0.03% or $0.04/share to $131.4. In the past year, the shares have traded as low as $76.18 and as high as $133.66. On average, 1185570 shares of VFC exchange hands on a given day and today's volume is recorded at 801286.

Shares of PG & E Corp (PCG) fell by 0.57% or $-0.24/share to $42.02. In the past year, the shares have traded as low as $37.17 and as high as $46.65. On average, 3112180 shares of PCG exchange hands on a given day and today's volume is recorded at 1993798.

Shares of Perrigo Co (PRGO) fell by 0.52% or $-0.51/share to $97.71. In the past year, the shares have traded as low as $58.04 and as high as $100.99. On average, 827440 shares of PRGO exchange hands on a given day and today's volume is recorded at 331160.