Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, October 25, 2011

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

Upward wedge patterns have been noticed on October 25 for the stocks Perrigo Co, Visa, Inc, Endologix Inc, PAETEC Holding Corp, and PG & E 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 Perrigo Co (PRGO) fell by 2.77% or $-2.80/share to $98.21. In the past year, the shares have traded as low as $58.04 and as high as $101.43. On average, 834240 shares of PRGO exchange hands on a given day and today's volume is recorded at 463723.

Shares of Visa, Inc (V) fell by 2.45% or $-2.31/share to $91.9. In the past year, the shares have traded as low as $66.12 and as high as $94.75. On average, 5778950 shares of V exchange hands on a given day and today's volume is recorded at 2179998.

Shares of Endologix Inc (ELGX) fell by 0.82% or $-0.09/share to $10.9. In the past year, the shares have traded as low as $5.05 and as high as $11.72. On average, 658630 shares of ELGX exchange hands on a given day and today's volume is recorded at 517512.

Shares of PAETEC Holding Corp (PAET) fell by 1.46% or $-0.08/share to $5.41. In the past year, the shares have traded as low as $3.00 and as high as $5.84. On average, 2962480 shares of PAET exchange hands on a given day and today's volume is recorded at 522505.

Shares of PG & E Corp (PCG) fell by 0.35% or $-0.15/share to $42.42. In the past year, the shares have traded as low as $37.16 and as high as $46.65. On average, 3217360 shares of PCG exchange hands on a given day and today's volume is recorded at 1391960.