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Wednesday, October 19, 2011

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

Upward wedge patterns have been noticed on October 19 for the stocks PG & E Corp, V.F. Corporation, PAETEC Holding 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 PG & E Corp (PCG) fell by 0.74% or $-0.32/share to $42.69. In the past year, the shares have traded as low as $37.16 and as high as $46.65. On average, 3175780 shares of PCG exchange hands on a given day and today's volume is recorded at 2425402.

Shares of V.F. Corporation (VFC) fell by 1.63% or $-2.15/share to $129.71. In the past year, the shares have traded as low as $76.18 and as high as $134.61. On average, 1112670 shares of VFC exchange hands on a given day and today's volume is recorded at 598916.

Shares of PAETEC Holding Corp (PAET) fell by 1.26% or $-0.07/share to $5.49. In the past year, the shares have traded as low as $3.00 and as high as $5.84. On average, 2928250 shares of PAET exchange hands on a given day and today's volume is recorded at 935357.

Shares of Perrigo Co (PRGO) fell by 1.60% or $-1.57/share to $96.48. In the past year, the shares have traded as low as $58.04 and as high as $100.99. On average, 825010 shares of PRGO exchange hands on a given day and today's volume is recorded at 201160.